Saudi Industrial Paint Company acquires major coatings group
Saudi Industrial Paint Company (Sipco), a subsidiary of Kaizen Paint Middle East, has acquired full ownership of Premium Paints Company (PPC), a Saudi-based coatings manufacturer.
Previously a joint venture between Red Sea Building Materials & Equipment Trading Company and Sherwin-Williams Company, PPC is a specialist in decorative paints.
The acquisition comes as Saudi Arabia accelerates its Vision 2030 agenda, driving a construction boom through large-scale infrastructure and urban development projects.
With this move, Sipco aims to expand its footprint in the kingdom increasing its production capacity, advancing localisation efforts, and delivering its decorative coatings for residential, commercial and industrial applications.
The company will also expand its R&D capabilities, introduce new formulations suited to the region's climate, and drive sustainability through eco-friendly, durable coatings, said a top official.
"This is more than expansion; it's an investment in the future of Saudi Arabia," remarked Ameer Hamza Hassan, the Group CEO of Kaizen Paint Middle East.
"Sipco has a strong legacy in industrial coatings, and with Premium Paints now part of our family, we are bringing the same innovation and quality to the decorative segment," he stated.
"This acquisition strengthens our local manufacturing capabilities, keeps us closer to our customers, and allows us to deliver superior products faster while supporting the Kingdom's drive for economic self-sufficiency, he added.
Mamoon Ali, the Country Manager of Sipco, said this move strengthens the group's role in supporting Saudi Arabia's localisation agenda, ensuring faster production, reduced reliance on imports, and tailored solutions for large-scale projects.
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