Atlanta-based chemical giant Axiall Corporation (NYSE: AXLL), which is currently fighting a hostile takeover, has agreed to sell its window and door profiles business to private equity firm OpenGate Capital. The transaction is subject to regulatory approval and customary closing conditions. The deal is expected to close on March 31, 2016. RBC Capital Markets acted as Axiall’s financial advisor in this transaction.

Axiall also agreed 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. Balmoral Advisors, LLC acted as Axiall’s financial advisor in this transaction.

The Axiall compounding facility located in Concord, Ontario, is included in the window and door profiles transaction. It is a primary supplier to the window and door profiles business. As a North American market leader in innovation of vinyl profiles extrusion, the business provides quality custom profiles systems and platform products to meet the needs of window manufacturers across North America.

“As we refine our portfolio, we are pleased to have reached an agreement to sell our window and door profiles business to OpenGate Capital,” said Axiall president and CEO Tim Mann. “This is our fourth divestiture of non-core assets since April 2015, which allows us to better focus on our core chlorovinyls and derivatives.”

Axiall Corporation is a leading integrated chemicals and building products company. Headquartered in Atlanta, Axiall has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers. The company was founded in 1984.

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. The firm’s investment strategy is focused on lower-middle market, cross-border, corporate divestitures and carve-outs. transactions are funded with internal and external sources of capital in excess of $500 million. Established in 2005, OpenGate Capital is headquartered in Los Angeles, Calif., and maintains offices in New York, Paris, France and São Paulo, Brazil.

Galata Chemicals is a leading global producer of plastics additives including mixed metal heat stabilizers, organotin heat stabilizers, epoxidized soybean oil, polymer modifiers, tin catalysts and bio-based plasticizers.

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