7. April 2022 | Markets & Companies
PPG has completed the acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy. Financial terms were not disclosed.
PPG has completed the acquisition of Arsonsisi’s powder coating manufacturing business.
Image source: Fill – Pixabay (symbol image).
The transaction aims to provide PPG with a highly automated powder manufacturing plant, capable of producing small and large batches, in Verbania, Italy. PPG will also now have metal bonding capabilities in the Europe, Middle East and Africa (EMEA) region.
Investing in powder capacities around the world
In 2021, the powder activity of Arsonsisi achieved a turnover of approximately 15 million USD (13.5 million EUR). As PPG points out in a press release, the company is investing in powder capabilities around the world “in an ongoing commitment to sustainable innovations.”
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