PPG recently entered into an agreement to purchase the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy, for an undisclosed amount.
As part of the deal, PPG will acquire a powder manufacturing plant in Verbania, Italy.
The deal is expected to close during the first quarter and is subject to customary closing conditions. Once it completes, PPG will expand its powder coatings offering in the Europe, Middle East, and Africa (EMEA) region to include metallic bonding. It also will help the company achieve its goal of having 40 percent of completed sales by 2025 be sustainably advantaged products.
Metallic bonding is one of the fastest-growing markets for powder coatings. It is used for 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, PPG general manager of industrial coatings for Europe, Middle East, and Africa. “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.”
Arsonsisi is a supplier for the architectural and industrial markets. Its powder business had sales of approximately $15 million last year.