- Calls Medium Term Notes TORONTO, Oct. 5 /PRNewswire-FirstCall/ -- Royal Group Technologies Limited today confirmed that Georgia Gulf Corporation (NYSE:GGC) completed its acquisition of Royal Group on October 3, 2006. Under the terms of the definitive agreement, originally announced on June 9, 2006, Georgia Gulf has acquired all of the outstanding common stock of Royal Group for C$13.00 per share in cash. The common shares of Royal Group ceased trading on both the Toronto Stock Exchange and New York Stock Exchange on October 4, 2006. Royal Group also announced that it has called for redemption of its outstanding 6.90% Medium Term Notes on November 3, 2006. Georgia Gulf's existing management team will serve as executives of the combined company. Four senior executives of Royal Group including Lawrence Blanford, President and CEO, James Lawn, Chief Financial Officer, Daryl Wilson, Senior Vice President of Manufacturing, Engineering and Development, and Bradley Holcomb, Senior Vice President of Global Materials and Supply have passed their responsibilities to senior executives of Georgia Gulf Corporation, coincident with completion of the acquisition. Royal Group is a leading producer of home improvement and building products. Royal Group is now owned by Georgia Gulf Corporation, which is a public company headquartered in Atlanta, with its shares trading on the New York Stock Exchange under the symbol GGC. DATASOURCE: Royal Group Technologies Limited CONTACT: Georgia Gulf Corporation, Angie Tickle, Investor Relations, (770) 395-4520; Will Hinson, Legislative, Community and Public Affairs, (225) 685-2501; Royal Group Technologies Limited, Mark Badger, Investor Relations, (905) 264-0701

Copyright