PPG to Acquire Arsonsisi Powder Coatings Manufacturing Business

PPG announced it will acquire the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions. Financial terms were not disclosed.

Arsonsisi is a supplier of specialty powder coatings for the architectural and industrial markets. As part of the transaction, PPG will acquire Arsonsisi’s highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. In 2021, the Arsonsisi powder business had sales of approximately $15 million.

PPG says that upon completion, the acquisition will enable it to expand its powder coatings offering in the Europe, Middle East and Africa (EMEA) region to include metallic bonding, one of the fastest growing markets for powder coatings often used in specialty finishes for automotive, appliance and general industrial applications. PPG says the acquisition aligns with its goal to have 40% of its sales by 2025 from sustainably advantaged products.

Powder coatings are one of the fastest growing coating technologies due to their sustainability benefits and excellent performance properties. PPG says it is investing in powder capabilities across the globe as part of its commitment to sustainable innovations that exceed customer needs.

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from American Coatings Association https://www.paint.org/ppg-to-acquire-arsonsisi-powder-coatings-manufacturing-business/
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