Business

SIPCO Acquires Premium Paints

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. Read More…

Akzo Nobel Proposes to Separate Powder Coatings from Subsidiary

Akzo Nobel N.V. has confirmed that it’s made an offer to acquire the Powder Coatings operations and International Research Center from its publicly listed subsidiary, Akzo Nobel India Limited. The offer also includes transferring the intellectual property for the local Decorative Paints business to its Indian subsidiary. Read More…