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.
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 US$15 million ($21 million).
The acquisition will enable PPG to expand its powder coatings offering in the Europe, Middle East and Africa (EMEA) region to include metallic bonding, which PPG describes as one of the fastest growing markets for powder coatings often used in specialty finishes for automotive, appliance, and general industrial applications.
“PPG is the only total solution provider who can supply and service powder and all other coatings technologies,” said Michael Shukov, General Manager Industrial Coatings EMEA at PPG. “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.”
The company said the acquisition aligns with its goal of having 40 per cent of sales from sustainably advantaged products by 2025. According to PPG, 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, are low-VOC in nature, and are fully reusable, so paint not deposited on a substrate during application returns to the paint system, reducing waste. In an ongoing commitment to sustainable innovations, PPG said it is investing in powder capabilities across the globe.
Carlo Junghanns, Chairman of Arsonsisi, welcomed PPG’s decision to invest in powder coatings via the acquisition.
“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,” Junghanns said.