Nippon Sanso Completes Coregas Acquisition
Nippon Sanso Holdings Corporation (President and CEO: Toshihiko Hamada) is pleased to announce the completion of its acquisition of the Coregas Group, comprising Coregas Pty Ltd, Blacksmith Jacks Pty Ltd, and Coregas NZ Limited. These entities, formerly subsidiaries of Wesfarmers Limited (an Australian conglomerate) operating industrial gas businesses in Australia and New Zealand, have now become wholly-owned subsidiaries of NSC (Australia) Pty Ltd, Nippon Sanso's Australian subsidiary.
The acquisition, initially announced via a share purchase agreement in December 2024, was officially completed on July 1, following approval from relevant regulatory authorities. According to previous reports on Nippon Sanso's website, the acquisition price was AUD 770 million (approximately USD 480 million).
Through this acquisition, the group aims to further expand its industrial gas business in the Australian and New Zealand markets, strengthen collaboration with its existing Australian business, Supagas, and enhance the value provided to customers in the region, thereby continuously increasing the company's value. Coregas is one of Australia's largest manufacturers and suppliers of industrial, medical, and specialty gases. The company distributes gases in cylinders and provides bulk gases to medium to large-scale users across Australia and New Zealand.
