Nippon Sanso to acquire Coregas from Wesfarmers for AUD770m.

Nippon Sanso, a supplier of high purity gas, specialty raw material gas, and related equipment, agreed to acquire Coregas, an Australian-owned gases company, from Wesfarmers, a co-operative to provide services and merchandise to Western Australian farmers, for AUD770m. “We believe the divestment is in the best interests of Wesfarmers shareholders and is consistent with our disciplined focus on portfolio management. The sale gives customers and team members of Coregas the opportunity to join an established business in NSHD, which has global expertise owning and operating successful industrial gas businesses. I thank all the Coregas team for their efforts in significantly growing and improving the business. They should be very proud of the Coregas business and I am confident there will be new opportunities that will arise with NSHD, a global leader in industrial gases,” Rob Scott, Wesfarmers Managing Director.