Industrial gas giant Taiyo Nippon Sanso Corporation (TNSC) has announced its acquisition of Australian industrial gas business Supagas Holding Pty Ltd as the company continues its overseas expansion strategy.
Once the transaction is completed next month, the Tier One player will own 100% of Supagas. Prior to the takeover, Supagas was 100% privately owned.
Supagas owns industrial gas and liquefied petroleum gas (LPG) filling stations and gas manufacturing plants including air separation units (ASUs) and carbon dioxide (CO2) plants. It operates from 17 sites across Australia, supplying oxygen (O2), nitrogen (N2), argon (Ar), CO2 and all related equipment.
Established in 1968 in the state of Victoria, Supagas recorded revenues of approximately A$100m ($73.4m) for the fiscal year ended June 2016.
... to continue reading you must be subscribed
