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Pittsburgh, USA, April 8, 2022 – PPG (NYSE: PPG) today announced that it has completed the acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy
.
Relevant financial terms were not disclosed
.
As part of the deal, PPG will acquire Arsonsisi's powder production facility in Verbania, Italy, which is highly automated and has both low- and high-volume powder production capabilities
.
In addition, PPG will have metal powder-bound coatings capacity in the Europe, Middle East and Africa (EMEA) region
.
In 2021, Arsonsisi's powder coatings business will generate sales of approximately $15 million
.
Powder coatings are sustainable products with low VOC emissions, high durability, high coating efficiency, and the ability to be recycled and reused during application
.
Always committed to sustainable innovation, PPG is investing heavily around the world to expand powder production capacity
.