PPG has entered into an agreement to acquire the powder coatings business of Arsonsisi, based in Milan.
The transaction is expected to finalise in the first quarter of 2022, subject to customary closing conditions.
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Financial terms were not disclosed.
Arsonsisi is a supplier of speciality powder coatings for the architectural and industrial markets. Powder coatings are a product offering durability, transfer efficiency and the ability to be reclaimed or reused during application.
As part of the transaction, PPG will acquire Arsonsisi’s automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. In 2021, the Arsonsisi powder business had sales of around US$15m.
Upon completion, PPG says the acquisition will enable it 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 speciality finishes for automotive, appliance and general industrial applications.
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By GlobalDataThe acquisition aligns with PPG’s goal to have 40% of its sales by 2025 from sustainable products.
“Already recognised 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 PPG general manager, industrial coatings, Europe, Middle East and Africa, Michael Shukov.
“PPG is the only total solution provider who can supply and service powder and all other coatings technologies. We are pleased 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 do not release solvents given their low-VOC nature and are fully reusable, adds PPG, meaning paint not deposited on a substrate during application returns to the paint system to reduce waste. In an ongoing commitment to sustainability, PPG is investing in powder capabilities across the globe.
“We are proud PPG has chosen to invest in the field of powder coatings by acquiring Arsonsisi’s powder coating division,” said Arsonsisi chairman, Carlo Junghanns.
“We have confidence in PPG’s commitment to carry on our legacy and in their ability to continue to supply our customers with the powder coatings they require.”
