PPG To Acquire Powder Coatings Manufacturing Business Of Arsonsisi
Pittsburgh, PA - PPG (NYSE:PPG) announces that it has entered into
an agreement to 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. Powder coatings are a sustainable product offering with enhanced durability, transfer efficiency and the ability to be reclaimed or reused during
application. 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.
Upon completion, the acquisition enables PPG 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. The acquisition aligns with PPG’s goal to have 40% of its sales by 2025 from sustainably advantaged products.
“Already recognized as an innovator in powder coatings, PPG has demonstrated leadership through powder advancements, including edge coverage and fluoroethylene vinyl ether (FEVE) fluoropolymer coatings for architectural metals,” said Michael
Shukov, PPG general manager, industrial coatings, Europe, Middle East and Africa. “PPG is the only total solution provider who can supply and service powder and all other coatings technologies. We are pleased that the addition of this business
will offer our EMEA customers expanded powder coating options to meet increasing demand for these sustainably advantaged coatings.”
“We are proud that PPG has chosen to invest in the field of powder coatings by acquiring Arsonsisi's powder coating division,” said Carlo Junghanns, Chairman of Arsonsisi S.p.A. “We have confidence in PPG’s commitment to carry
on our legacy, and in their ability to continue to supply our loyal customers with the high-performance powder coatings they require.”
About PPG
PPG offers coatings used on metal construction products. For more information, visit www.ppgmetalcoatings.com .