Taiyo Nippon Sanso Corporation (“TNSC”) announces that it has entered into an agreement to acquire an Australian industrial gas and LPG company, Supagas Holding Pty Ltd (“Supagas”). The acquisition will be effected through one of TNSC’s subsidiaries, TNSC (Australia) Pty Ltd (“TNSA”).

1. Background and purpose of the acquisition
TNSC considers the acquisition of Supagas to be a natural fit for its existing operations Renegade Gas Pty Ltd (“RGP”) in the Australian industrial gas and LPG market. The acquisition of Supagas facilitates the establishment of a nationwide business in Australia.

The combination of Supagas and RGP expands TNSC’s domestic product offering and enhances its ability to serve national accounts. There are a number of synergistic benefits resulting from the transaction, including collaboration of the respective businesses employees, complementary geographic footprints, customer and supplier relationships, amongst others. TNSC intends to continue to expand its business throughout Australia, focusing on construction, infrastructure, mining and energy sectors as they continue to grow in the future.