Sustainable Coatings PPG Expands Powder Coatings Business in EMEA Region with Acquisition of Arsonsisi’s Business
With the acquisition of Arsonsisi’s powder coatings business, PPG will take over the firm’s highly automated powder manufacturing plant in Verbania, Italy. With this deal, PPG will also expand its capability to produce sustainable coatings such as metallic bonding powder.
Pittsburgh/USA – 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. Powder coatings are a highly 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 dollars.
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.
Powder coatings are one of the fastest growing coating technologies due to their sustainability benefits and excellent performance properties. Powder coatings do not release solvents given their low-VOC nature and are fully reusable, meaning paint that is not deposited on a substrate during application returns to the paint system to reduce waste. In an ongoing commitment to sustainable innovations that exceed customer needs, PPG is investing in powder capabilities across the globe.