PPG Completes Acquisition of Arsonsisi’s Powder Coatings Manufacturing Business

Rhea-AI Summary

PPG has completed the acquisition of the powder coatings manufacturing business from Arsonsisi, an industrial coatings company based in Milan, Italy. The acquisition includes a powder manufacturing plant in Verbania, Italy, enhancing PPG's capabilities in the EMEA region. The Arsonsisi powder business generated approximately $15 million in sales in 2021. This aligns with PPG's strategy to invest in sustainable innovations, specifically expanding their powder coatings segment, which is known for low VOC emissions and high durability.

Positive

• Acquisition of Arsonsisi strengthens PPG's manufacturing capabilities in the EMEA region.
• Increased access to metallic bonding capabilities enhances product offerings.
• Powder coatings are aligned with sustainability trends, potentially driving revenue growth.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced that it has completed its acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy. Financial terms were not disclosed.

The transaction will provide PPG with a highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. PPG will also now have metallic bonding capabilities in the Europe, Middle East and Africa (EMEA) region. In 2021, the Arsonsisi powder business had sales of approximately $15 million.

Powder coatings are a sustainable product offering with low VOC emissions, enhanced durability, high transfer efficiency and the ability to be reclaimed or reused during application. In an ongoing commitment to sustainable innovations, PPG is investing in powder capabilities across the globe.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20220401005036/en/

Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

Investor Contact:

John Bruno

Investor Relations

+1-412-434-3466

jbruno@ppg.com

investor.ppg.com

Source: PPG

FAQ

What is the significance of PPG's acquisition of Arsonsisi?

The acquisition enhances PPG's manufacturing capabilities and aligns with their sustainability goals.

How much revenue did Arsonsisi's powder business generate in 2021?

Arsonsisi's powder business generated approximately $15 million in sales in 2021.

Where is the acquired powder manufacturing plant located?

The powder manufacturing plant is located in Verbania, Italy.

What market regions will PPG strengthen with this acquisition?

PPG will strengthen its presence in the Europe, Middle East, and Africa (EMEA) regions.

What are the benefits of powder coatings mentioned in the press release?

Powder coatings offer low VOC emissions, enhanced durability, and high transfer efficiency.