PPG TAKES OVER ARSONSISI’S POWDER COATINGS BUSINESS

PPG Company has reached 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 have not been 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 increased durability, transfer efficiency and the ability to be recovered or reused during application. As part of the transaction, PPG will acquire Arsonsisi’s highly automated powder manufacturing plant with small and large batch capacity in Verbania, Italy. In 2021, Arsonsisi’s powder business had sales of approximately US$15 million.

Once completed, the acquisition allows PPG to expand its powder coatings offering in Europe, the Middle East and Africa (EMEA) to include metal bonding, one of the fastest growing markets for powder coatings often used in specialty finishes for automotive, appliance and general and industrial applications. The acquisition aligns with PPG’s goal of having 40% of its sales by 2025 come from products with sustainable benefits.

Michael Shukov, PPG general manager, industrial coatings, Europe, Middle East and Africa notes that “already recognized as an innovator in powder coatings, PPG has demonstrated leadership through powder advancements including edge coating and fluoroethylene vinyl ether fluoropolymer (FEVE) coatings for architectural metals,” while adding that “PPG is the only total solutions provider that can supply and service powders and all other coatings technologies.”

For his part, Carlo Junghanns, president of Arsonsisi SpA adds, “We are confident in PPG’s commitment to continue our legacy and in their ability to continue to supply our loyal customers with the high-performance powder coatings they need.”

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 due to their low VOC nature and are fully reusable, meaning that paint that is not deposited on a substrate during application is returned to the paint system to reduce waste. In a continued commitment to sustainable innovations that exceed customer needs, PPG is investing in powder capabilities around the world.