Please use a PC Browser to access Register-Tadawul
PRESSR: SIPCO acquires Premium Paints to strengthen local production and expand Saudi market presence
Dow Jones Industrial Average DJI | 41488.19 | +1.65% |
S&P 500 INDEX SPX | 5638.94 | +2.13% |
NASDAQ IXIC | 17754.09 | +2.61% |
Dubai, UAE: 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 Sherwin-Williams Company. The acquisition comes as Saudi Arabia accelerates its Vision 2030 agenda, driving a construction boom through large-scale infrastructure and urban development projects.
SIPCO is set to expand its footprint in the Kingdom through this acquisition, increasing production capacity, advancing localization efforts, and delivering high-quality decorative coatings for residential, commercial, and industrial applications. SIPCO will also expand its R&D capabilities, introduce new formulations suited to the region’s climate, and drive sustainability through eco-friendly, durable coatings.
Local contractors, developers, and homeowners will benefit from a wider range of high-performance decorative coatings designed to withstand the region’s climate while meeting global quality standards.
“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.”
Mamoon Ali, Country Manager of SIPCO, emphasized the strategic impact of the acquisition. “This move strengthens SIPCO’s role in supporting Saudi Arabia’s localization agenda, ensuring faster production, reduced reliance on imports, and tailored solutions for large-scale projects. Expanding local manufacturing enhances supply chain efficiency, quality control, and accessibility; critical factors as the Kingdom pushes forward with its ambitious infrastructure goals. Beyond serving the growing demand, this investment contributes to economic diversification and job creation.”
High-quality coatings are essential for durability, safety, and efficiency across real estate, oil and gas, power generation, water and wastewater, and construction. Decorative and protective coatings enhance aesthetics and weather resistance in buildings, while corrosion-resistant paints protect oil and gas infrastructure from extreme conditions. In power generation, heat-resistant coatings prevent thermal damage, and in water and wastewater facilities, chemical-resistant paints safeguard against leaks and contamination.
As a leading manufacturer of high-performance coatings, SIPCO plays a vital role in delivering trusted, industry-compliant solutions that ensure long-term protection and reliability for critical infrastructure.
About SIPCO
SIPCO, a subsidiary of Kaizen Paint Middle East (KPME), is a leading manufacturer of high-performance coatings and industrial paints, delivering innovative solutions for infrastructure projects, oil and gas, power generation, water and wastewater, and various other sectors.
About Premium Paint Company
Premium Paint Company is a Saudi Arabia-based coatings manufacturer, specializing in high-quality decorative paints. The company offers a diverse range of interior and exterior coatings tailored to residential, commercial, and industrial applications.
Media Contact:
Amber Dale / Zayyen A. Haider
amberdale@chatterbox-pre.com
zayyenhaider@chatterbox-pre.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.