PPG Acquires Arsonsisi Powder Coatings Manufacturing Business
April 1, 2022
PPG has completed the acquisition of the powder coatings manufacturing business of Arsonsisi, gaining a highly automated powder manufacturing plant in Verbania, Italy and added metallic bonding capabilities in the EMEA region. Financial terms were not disclosed; the acquired powder business reported approximately $15 million in sales in 2021.
- Buyers
- PPG
- Targets
- Arsonsisi powder coatings manufacturing business
- Sellers
- Arsonsisi
- Industry
- Manufacturing
- Location
- Piedmont, Italy
- Transaction Type
- Divestiture
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