PPG 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 leading 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.
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 percent 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.”