External Release
Yennora, Australia – 20 December 2024
Wesfarmers Limited ("Wesfarmers") announces today that it has entered into an agreement to sell 100 per cent of the shares in the Coregas Group businesses to Nippon Sanso Holdings Corporation ("Nippon Sanso"), a leading global industrial gas company. The sale includes Coregas' Australian and New Zealand businesses including the welding specialists.
Coregas has strategically positioned itself as a challenger company, achieving significant growth and becoming a successful, trusted, and respected brand. Thanks to Wesfarmers' investment and support, Coregas has achieved a strong national footprint, expanded into New Zealand, and secured a market-leading position in healthcare and specialty gases, alongside the core industrial gas business.
Nippon Sanso is the world’s fourth-largest supplier of industrial, electronic and medical gases operating in over 30 countries, including Japan, the United States Europe, Asia and Oceania and employs over 19,500 team members. It supplies into industries that increase industrial productivity, enhance human wellbeing and contribute to a more sustainable future, and its stated key values are proactivity, innovation and collaboration.
Coregas' expertise, combined with Nippon Sanso's deep technical capabilities, will benefit our team and customers. Nippon Sanso is strongly motivated to continue investing in the region, having entered the Australian market in 2015 with their Supagas acquisitions. They boast world class technology including design and build of Air Separation Units (ASU) and other cryogenic equipment.
The Coregas brand and business will remain and operate independently from Supagas. Coregas and Supagas have complementary strengths and focus on different customer segments with limited overlap in the product mix of both companies. The combination of Nippon Sanso, Supagas, and Coregas will create value for customers in the Australian and New Zealand markets.
The transaction is subject to conditions including regulatory approvals. Subject to satisfying these conditions, Wesfarmers expects the sale of Coregas to complete by mid-calendar year 2025.
For media inquiries, please contact:
- Jenia Aneja, Head of Marketing
- Email: [email protected]
About Wesfarmers
Wesfarmers Limited is one of Australia's largest listed companies and a major employer, with around 107,000 employees. Its diverse business operations cover supermarkets, department stores, home improvement and office supplies, and industrials, including chemicals, energy and fertilizers, and industrial and safety products
About Nippon Sanso Holdings Corporation
Nippon Sanso Holdings Corporation is a global leader in the supply of industrial, electronic, and medical gases, serving a wide range of industries to enhance productivity and quality of life. With operations spanning over 30 countries, Nippon Sanso is committed to innovation and sustainability.
