PPG Industries acquired Arsonsisi (powder coatings manufacturing business), structured as Acquisition of Arsonsisi's powder coatings manufacturing business, including its Verbania, Italy plant; expected to close in Q1 2022, financial terms undisclosed..
Arsonsisi (powder coatings manufacturing business) operates in Industrial Coatings (Powder Coatings), is based in Italy. PPG acquired the powder coatings manufacturing business of Arsonsisi, a Milan, Italy-based industrial coatings company that is a supplier of specialty powder coatings for architectural and industrial markets. The acquired business had approximately $15 million in 2021 sales and included a highly automated powder manufacturing plant in Verbania, Italy. The deal adds metallic bonding capabilities in the EMEA region.
Adds metallic bonding powder coatings capabilities in EMEA and supports PPG's broader investment in European powder coatings capacity.
Advisory firms were not disclosed for this transaction.