PPG Industries, a coating specialist, has announced that it has successfully closed the acquisition of Equa-Chlor.
Equa-Chlor, headquartered in Longview, Washington, manufactures caustic soda, chlorine and muriatic acid. PPG has acquired certain assets of the Washington-based chlor-alkali producer. The transaction amount is roughly $27 million.
The Longview manufacturing plant is now being operated by PPG. The plant has a capacity to produce nearly 220 tons of chlorine every day. Equa-Chlor’s railcar fleet will also be included into the rail delivery system of PPG. This facilitates PPG to improve railcar use and minimize future logistics costs and capital needs.
Michael H. McGarry, Senior Vice President of PPG’s Commodity Chemicals division, said that the company is happy with Equa-Chlor purchase. PPG has started to merge the Equa-Chlor’s Longview asset into its chlor-alkali and derivative products business segment in order to offer enhance service to customers across the country.
Currently, PPG manufactures chlor-alkali and derivates in various locations such as Longview, Washington; Natrium, West Virginia; Lake Charles, Louisiana; Quebec, Canada; and via Kaohsiung, Taiwan-based subsidiary. Applications of these products include bleach, paper and pharmaceuticals production and drinking water purification.