SIPCO Acquires Premium Paints
Saudi Industrial Paint Company (SIPCO), a subsidiary of Kaizen Paint Middle East (KPME), announced the acquisition of Premium Paints Company (PPC), a Saudi-based coatings manufacturer previously operated as a joint venture between Red Sea Building Materials & Equipment Trading Co. and Sherwin-Williams Company. The acquisition aligns with Saudi Arabia’s Vision 2030 strategy, supporting localization efforts and meeting growing demand for high-quality coatings.
SIPCO stated that the acquisition will expand its production capacity, enhance research and development capabilities, and introduce new formulations designed for the region’s climate. The company aims to improve supply chain efficiency and reduce reliance on imports while delivering eco-friendly, high-performance coatings for residential, commercial, and industrial applications.
“This is more than expansion; it’s an investment in the future of Saudi Arabia,” said Ameer Hamza Hassan, group CEO of KPME. “With Premium Paints now part of our family, we are bringing the same innovation and quality to the decorative segment, strengthening local manufacturing and allowing us to deliver superior products faster.”
Mamoon Ali, country manager of SIPCO, highlighted the strategic impact of the acquisition. “This move strengthens SIPCO’s role in supporting Saudi Arabia’s localization agenda by ensuring faster production, greater supply chain efficiency, and tailored solutions for large-scale projects,” he said.
SIPCO manufactures coatings for infrastructure, oil and gas, power generation, and water and wastewater industries. The company stated that high-quality coatings play a critical role in protecting structures from extreme conditions, corrosion, and environmental exposure, contributing to long-term durability and efficiency.
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