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logoMorningstarJanuary 19, 2021

PPG Industries, Inc.: Akzo Wades Into Tikkurila Takeover Battle; No Material FVE Impact Expected

Symbols
PPG
Sector(s)
Basic Materials
Rating
Premium
Current Price
$137.85
Fair Value
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Economic Moat
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Stewardship
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Summary

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected AkzoNobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

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Analyst Profile

Charles Gross

Equity Analyst
Charles Gross is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers paper and packaging companies. Gross was previously a data analyst at Morningstar.Before joining Morningstar in 2013, he was a CME Group Fellow for the Margolis Market Information Laboratory.Gross holds a bachelor’s degree in economics from the University of Illinois. He is a Level III candidate in the Chartered Financial Analyst® program.