Acquirer(s)
- NSC (Australia) Pty Ltd
Target(s)
- Coregas Pty Ltd;Coregas NZ Limited;Blacksmith Jacks Pty Ltd
Summary
NSC (Australia) Pty Ltd (NSC) proposes to acquire Coregas Pty Ltd, Coregas NZ Limited, and Blacksmith Jacks Pty Ltd (the proposed acquisition). Coregas, Coregas NZ Limited and Blacksmith Jacks Pty Ltd (together, Coregas) are currently ultimately owned by Wesfarmers Limited.
Coregas produces, supplies and distributes a range of industrial, medical, helium, and specialty gases across Australia. Coregas currently operates a number of industrial gas production facilities in Australia including air separation units (ASU) in Port Kembla and Mackay, a hydrogen reformer in Port Kembla, a helium import and decant facility in Sydney, and cylinder filling facilities in most States and Territories. Coregas also supplies and distributes liquid petroleum gas (LPG) in various cylinder sizes across Australia, and welding consumables via its subsidiaries in Victoria and Queensland.
NSC is the Australian subsidiary of Nippon Sanso Holdings Corporation (Nippon Sanso), a multinational industrial gas company which is part of the Mitsubishi Chemicals Group and the immediate parent company of Supagas Pty Limited (Supagas).
The proposal will result in Nippon Sanso owning Coregas’ operations in Australia as well as Supagas. Supagas is a producer and supplier of LPG, industrial, medical and specialty gases. Supagas currently operates a number of industrial gas production facilities in Australia including an ASU in Karratha and micro-ASUs in Victoria and Darwin, a carbon dioxide plant in Bomaderry, a helium import and decant facility in Sydney, and cylinder filling facilities in most States and Territories.
Coregas and Supagas (and their Australian subsidiaries) both produce, supply and distribute industrial, cryogenic, medical and speciality gases, and supply certain related services, consumables and equipment. Both parties also supply and distribute LPG.
Market inquiries
Submissions are invited from interested parties regarding NSC’s proposed acquisition of Coregas by 5pm on 26 March 2025.
Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au.
For more details, please refer to the Market Inquiries Letter published below.
Following 26 March 2025, queries regarding the ACCC’s review may also be addressed to mergers@accc.gov.au.
Market inquiries
| Document title | Date | |
|---|---|---|
| NSC Coregas - Market Inquiries Letter |
Timeline
| Date | Event |
|---|---|
ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
|
Closing date for submissions. |
|
Provisional (or Proposed) date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues). |