Saudi Industrial Paint Company (SIPCO), a subsidiary of Kaizen Paint Middle East (KPME), 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 Co. and the Sherwin-Williams Company.
With the acquisition, SIPCO plans to expand its footprint by increasing production capacity, advancing localization efforts, and delivering 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.
“This is more than expansion; it’s an investment in the future of Saudi Arabia,” said Ameer Hamza Hassan, Group CEO of Kaizen Paint Middle East (KPME). “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. 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.”