PPG - PPG Completes Acquisition of Arsonsisi's Powder Coatings Manufacturing Business
PPG (NYSE:PPG) today announced that it 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 will 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. In 2021, the Arsonsisi powder business had sales of approximately $15 million.
Powder coatings are a sustainable product offering with low VOC emissions, enhanced durability, high transfer efficiency and the ability to be reclaimed or reused during application. In an ongoing commitment to sustainable innovations, PPG is investing in powder capabilities across the globe.
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At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com .
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CATEGORY Financial
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