Cases & Deals

Georgia Gulf acquires Royal Group Technologies for $1.6 billion

Clients Georgia Gulf Corporation

Jones Day advised Georgia Gulf Corporation (GG) in its CAD1.7 billion (USD $1.6 billion) acquisition of Royal Group Technologies Limited by plan of arrangement. GG offered CAD13.00 (USD $11.82) in cash per share.

The transaction was financed with additional debt. GG had commitments in place for permanent financing comprised of senior secured debt and unsecured senior and subordinated debt.

Royal Group is a producer of vinyl building and construction products, which include custom window profiles, decorative moldings and siding. Royal Group is headquartered in Toronto, Canada with sales primarily in North America.

Georgia Gulf manufactures commodity chemicals, vinyl resins and vinyl compounds, which are the basic materials used to manufacture vinyl building and construction products such as pipe, siding and windows. In addition to M&A representation, Jones Day provided employee benefits, environmental, and tax advice regarding this transaction.