MOSCOW (MRC) -- US paints and coatings group PPG has entered into an agreement to buy the powder coatings business of Italian company Arsonsisi, boosting its offering in Europe, the Middle East and Africa, said the company.
As part of the deal, PPG will gain Arsonsisi’s highly automated, small- and large-batch powder manufacturing plant in Verbania. The acquisition will also add metallic bonding to the US group’s portfolio. According to PPG, metallic bonding is one of the fastest growing markets for powder coatings used in specialty finishes for automotive, appliance and general industrial applications.
“We are pleased that the addition of this business will offer our EMEA customers expanded powder coating options to meet increasing demand for these sustainably advantaged coatings,” said Michael Shukov, PPG general manager, industrial coatings, EMEA.
PPG said powder coatings are one of the fastest growing coating technologies due to their sustainability benefits – they do not release solvents and are fully reusable as any paint not deposited on a substrate during application returns to the system, thus reducing waste. The Pittsburgh-based company aims to have 40% of its sales from sustainably advantaged products by 2025.
Arsonsisi said it will continue to produce and sell its range of liquid paints for industrial use, which include high-quality specialty products for numerous sectors, as well as UV coatings, electroplating, anti-corrosion and tinting systems.
Commenting on the divestment, Arsonsisi’s chairman Carlo Junghanns said: “The sale of our powder coatings division will allow us to invest new and significant resources in our energetic research and development activities to further strengthen Arsonsisi’s presence in the industrial liquid paints business, with the aim of offering increasingly innovative and tailor-made solutions to our valuable partners."
The transaction is expected to close in the first quarter of 2022. Financial terms were not disclosed. Last year saw PPG make two acquisitions, namely Finland’s Tikkurila in June and Germany’s Worwag in May.
As MRC reported earlier, in June 2021, PPG announced an expansion of its coatings manufacturing capacity in Europe for packaging applications. The investments at sites in The Netherlands and Poland will support growing customer demand in the region for the latest generation of coatings for aluminum and steel cans used in packaging for beverage, food and personal care items. The projects include a further expansion of the company’s location in Tiel, The Netherlands, which will increase the plant’s production capacity for PPG INNOVEL non-BPA internal coatings for beverage cans by 30%. Expected to be completed in the first quarter of 2022, the project follows a 50% expansion completed at the end of 2020.
We remind, PPG Industries Ohio Inc. received a patent in Russia for a new coating. The authors of the invention were a group of American specialists. The material is a film-forming composition that ensures the uniformity and appearance of the coating, and also avoids smudges. The material consists of polymer binders, polysiloxane resin, hardener and other substances.
PPG Industries Group was founded in 1883 in the USA. PPG Industries Inc. is an international American company producing coatings, chemicals, optical components, specialty materials, glass and fiberglass. The company includes over 150 production units and representative offices in more than 60 countries around the world. PPG is one of the top 500 US corporations by sales.