PPG Industries (NYSE:PPG) is one of the largest companies in the highly fractured paint and coatings industry. It has spent a great deal of effort and money shifting its portfolio over time to focus solely on higher growth and on coatings. The continued acquisitions have not necessarily paid off when looking at sales or net income, but the company has also kept its debt under control. The potential acquisition of Akzo Nobel could be good for the company, but it carries a significant amount of integration risk, as well as ballooning the company's debt. With lackluster growth and future plans based mostly on acquisition, I don't see PPG as a very compelling investment today.
