PPG - PPG expands EMEA footprint through acquisition of powder coatings manufacturing business of Arsonsisi

PPG (NYSE:PPG) will acquire Arsonsisi’s highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. The transaction is expected to close in 1Q22. Financial terms were not disclosed. Arsonsisi is a supplier of specialty powder coatings for the architectural and industrial markets and had recorded sales of approximately $15M in 2021. The acquisition enables PPG to expand its powder coatings offering in the Europe, Middle East and Africa (EMEA) region.

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PPG expands EMEA footprint through acquisition of powder coatings manufacturing business of Arsonsisi