Industrial gas major Nippon Sanso Holdings Corporation (NSHD) has completed its acquisition of Coregas, Blacksmith Jacks and Coregas NZ, which operate industrial gas businesses in Australia and New Zealand under the umbrella of Wesfarmers.
With the deal the Coregas Group has become a wholly owned subsidiary of NSHD’s Australian subsidiary, NSC (Australia).
The A$770m ($480m) buyout follows the signing of a share purchase agreement announced in .
“Through this acquisition, our group aims to further expand its industrial gas business in the Australian and New Zealand markets [and] strengthen collaboration with Supagas, our existing Australian operating company,” said the company in a statement.
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