Nippon Sanso Holdings Corporation (NSHD) is set to strengthen its presence in the Australasian industrial gas market through the acquisition of the Coregas Group from Wesfarmers Limited.
Announced on 20th December, the A$770 million ($480m) deal includes Coregas Pty Ltd, Blacksmith Jacks Pty Ltd, and Coregas NZ Limited, covering operations in Australia and New Zealand.
The Coregas Group manufactures and distributes industrial, medical, and specialty gases while also providing welding-related services. This buyout complements the operations of NSHD’s Australian subsidiary, Supagas, which supplies industrial gases across 58 locations with over 300 distributors.
“This acquisition is an important step towards strengthening our group’s business foundation in Australia and New Zealand,” said Toshihiko Hamada, President and CEO of NSHD. “By establishing a cooperative structure that leverages the strengths of both Supagas and Coregas Group, we aim to create new growth opportunities and further expand our business”.
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