TOKYO--(Business Wire / Korea Newswire)--Nippon Sanso Holdings Corporation (President CEO: Toshihiko Hamada) is pleased to announce that Supagas Pty Ltd (headquarters: New South Wales, Australia; hereinafter “Supagas”), the business subsidiary company in Australia, has signed a purchase and sale agreement with Wesfarmers Chemicals, Energy and Fertilisers (hereinafter “WesCEF”) to acquire the LPG sales business in Western Australia (hereinafter “WA”) and Northern Territory (hereinafter “NT”) of Wesfarmers Kleenheat Gas Pty Ltd (hereinafter “Kleenheat”), which handles the LPG business of WesCEF.

1. Background and purpose of the acquisition
In addition to its core business of supplying LPG, Supagas is already steadily expanding its business in the supply of industrial gases and other products through 48 offices and over 200 retails in New South Wales and Queensland.
Supagas has been aiming to acquire an established sales network in northern and western Australia and expand its sales channels. The recent proposal from Wesfarmers for the sale of Kleenheat‘s assets matches Supagas’ business expansion plans, which led to the conclusion of this agreement.
Through the acquisition of Kleenheat's LPG sales business, which has a stable supply of LPG to both residential and industrial demand in WA and NT for over 65 years, Supagas will expand its sales channels into northern and western Australia, realize synergies not only with LPG but also with its existing industrial gas business, and achieve sustainable boost in profitability.
2. Overview of the acquisition
Business: Kleenheat's LPG sales business in WA and NT
Business assets: LPG supply facilities (land, buildings) and related facilities (including supply facilities and vehicles)
3. Future plans
The purchase is expected to be completed by the end of August, subject to approval by Australian Competition and Consumer Commission (ACCC).

The Nippon Sanso Holdings Group is the world's fourth-largest supplier of industrial, electronic, and medical gases, operating in four geographic regions - Japan, U.S., Europe and Asia & Oceania - covering over 30 countries and regions. In addition, the Thermos business supplies THERMOS branded products to more than 120 countries worldwide. Since its foundation as Nippon Sanso Ltd. in 1910, the group stands for creating social value through innovative gas solutions that increase industrial productivity, enhance human well-being and contribute to a more sustainable future. With more than 19,000 employees, together, we are “The Gas Professionals” and we all have the same goal: “Making life better through gas technology”

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Nippon Sanso Holdings Corporation (“NSHD”) encourages anyone interested in buying or selling its common stock to do so on the Tokyo Stock Exchange, which is where its common stock is listed and primarily trades. NSHD’s disclosures are not intended to facilitate trades in, and should not be relied on for decisions to trade, unsponsored American Depository Receipts (“ADRs”).

NSHD has not and does not participate in, support, encourage, or otherwise consent to the creation of any unsponsored ADR programs or the issuance or trading of any ADRs issued thereunder in respect of its common stock. NSHD does not represent to any ADR holder, bank or depositary institution, nor should any such person or entity form the belief, that (i) NSHD has any reporting obligations within the meaning of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) or (ii) NSHD’s website will contain on an ongoing basis all information necessary for NSHD to maintain an exemption from registering its common stock under the Exchange Act pursuant to Rule 12g3-2(b) thereunder.

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Website: https://www.nipponsanso-hd.co.jp/en/ View Korean version of this release Contact Nippon Sanso Holdings Corporation
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This news is a press release provided by Nippon Sanso Holdings Corporation. Korea Newswire follows these editorial guidelines. Nippon Sanso Holdings Corporation News ReleasesSubscribeRSS 닛폰 산소 홀딩스, 호주 자회사가 호주 북부·서부의 LPG 사업 인수 닛폰 산소 홀딩스(Nippon Sanso Holdings Corporation, 사장 최고경영자 하마다 토시히코)는 호주 사업 자회사인 호주 수파가스(Supagas Pty Ltd, 본사 소재지: 호주 뉴사우스웨일스주, 이하 수파가스)가 웨스파머스 케미컬, 에너지 앤 퍼틸라이저스(Wesfarmers Chemicals, Energy and Fertilisers, 이하 WesC... 5월 31일 13:55 Nippon Sanso Holdings Corporation: Publication of “Integrated Report 2023” Nippon Sanso Holdings Corporation (NSHD) issued our “Integrated Report 2023” on our website on September 26. Our Integrated Report is published every year to provide an annual report on the Group’s Financial information including management strategies and business overview as well as no... 2023년 9월 27일 14:30 ... More  More News Heavy Industries Oil & Gas Mergers & Acquisitions Overseas Nippon Sanso Hold... All News Releases 