PPG completes acquisition of Arsonsisis powder coatings manufacturing business
PPG has completed its acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy. Financial terms were not disclosed.
The transaction is intended to provide PPG with a highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. PPG will also now have metallic bonding capabilities in the Europe, Middle East and Africa (EMEA) region.
Investing in powder capabilities across the globe
In 2021, the Arsonsisi powder business had sales of approximately USD 15 million (EUR EUR 13.5 million). As PPG points out in a press release, the company is investing in powder capabilities across the globe “in an ongoing commitment to sustainable innovations”.
