PPG buys Arsonsisi coatings
PPG announced that it has entered into an agreement to acquire the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy.
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, PPG said.
“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,” said Michael Shukov, PPG general manager, industrial coatings, Europe, Middle East and Africa.
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, said PPG.
The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions. Financial terms were not disclosed.
“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 Shukov.
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.
Powder coatings are one of the fastest growing coating technologies due to their sustainability benefits and excellent performance properties, said PPG. In an ongoing commitment to sustainable innovations that exceed customer needs, PPG is investing in powder capabilities across the globe.
“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,” said Junghanns.
The acquisition aligns with PPG’s goal to have 40% of its sales by 2025 from sustainably advantaged products, said the company.
With headquarters in Pittsburgh, PPG operates in more than 75 countries and reported net sales of $16.8 billion in 2021. The company serves customers in construction, consumer products, industrial and transportation markets and aftermarkets.