Axiall Corporation to Sell Solucor Business to Galata Chemicals

ATLANTA--(BUSINESS WIRE)--Axiall Corporation (NYSE: AXLL), a leading integrated chemicals and building products company, 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 of Southbury, Conn. The transaction is expected to become effective at the end of day on Feb. 29, 2016. Terms of the transaction were not disclosed.