PPG Acquires Arsonsisi’s Powder Coatings Business
US paints and coatings group PPG has entered into an agreement to buy the powder coatings business of Italian company Arsonsisi, boosting its offering in Europe, the Middle East and Africa. Arsonsisi’s powder coating sales reached about $15 million last year.
As part of the deal, PPG will gain Arsonsisi’s highly automated, small- and large-batch powder manufacturing plant in Verbania. The acquisition will also add metallic bonding to the US group’s portfolio. According to PPG, metallic bonding is one of the fastest growing markets for powder coatings used in specialty finishes for automotive, appliance and general industrial applications.
“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,” said Michael Shukov, PPG general manager, industrial coatings, EMEA.
PPG said powder coatings are one of the fastest growing coating technologies due to their sustainability benefits – they do not release solvents and are fully reusable as any paint not deposited on a substrate during application returns to the system, thus reducing waste. The Pittsburgh-based company aims to have 40% of its sales from sustainably advantaged products by 2025.
Arsonsisi said it will continue to produce and sell its range of liquid paints for industrial use, which include high-quality specialty products for numerous sectors, as well as UV coatings, electroplating, anti-corrosion and tinting systems.
Commenting on the divestment, Arsonsisi’s chairman Carlo Junghanns said: “The sale of our powder coatings division will allow us to invest new and significant resources in our energetic research and development activities to further strengthen Arsonsisi’s presence in the industrial liquid paints business, with the aim of offering increasingly innovative and tailor-made solutions to our valuable partners.”
The transaction is expected to close in the first quarter of 2022. Financial terms were not disclosed. Last year saw PPG make two acquisitions, namely Finland’s Tikkurila in June and Germany’s Wörwag in May.
Author: Elaine Burridge, Freelance Journalist
