Axiall to Sell Compound Additives Assets to Galata Chemicals
Tuesday, March 1st, 2016
Axiall Corp. has signed an agreement to sell certain assets of its compound additives business, known as Solucor, and its manufacturing facility located in Bradford, Ontario, to Galata Chemicals. The transaction is expected to become effective at the end of day on Feb. 29, 2016. Terms of the transaction were not disclosed.
The Bradford facility, which includes approximately 60 employees who will transfer with the sale to Galata, manufactures high-quality additives for rigid PVC applications, focusing on a broad mix of process aids and impact modifiers, among other products. Solucor additives have a solid track record of successful performance in their targeted applications dating to their inception in 1994.
