Important Acquisition from PPG \ PPG to Acquire Powder Coatings Manufacturing Business of Arsonsisi
The transaction will increase the company’s ability to produce more environmentally friendly coatings, such as metallic bonding powder.
PPG (NYSE: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 transaction is expected to close in the first quarter of 2022, subject to customary closing conditions. Financial terms were not disclosed.
Arsonsisi is a major supplier of architectural and industrial specialty powder coatings. Powder coatings are a highly sustainable product with improved durability, efficiency of transfer, and the ability to be reclaimed or reused during application. PPG will buy Arsonsisi’s powder manufacturing plant in Verbania, Italy, which is highly automated and capable of small and large batches. Arsonsisi powder sales were estimated to be around $15 million in 2021.
Sustainably Advantaged Products
PPG will be able to expand its powder coatings offering in Europe, the Middle East, and Africa (EMEA) to include metallic bonding, which is one of the fastest growing markets for powder coatings used in specialty finishes for automotive, appliance, and general industrial applications, once the deal is completed. The acquisition is in line with PPG’s goal of having sustainably advantaged products account for 40% of sales by 2025.
“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.”
Powder coatings are one of the most rapidly growing coating technologies due to their long-term sustainability and high performance. Powder coatings do not release solvents due to their low VOC content, and they are fully reusable, which means that any paint that is not deposited on a substrate during application is returned to the paint system, reducing waste. PPG is investing in powder capabilities around the world as part of its ongoing commitment to sustainable innovations that meet or exceed customer needs.
“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.”
Note: Content may be edited for style and length.
