Redox Ltd (ASX: RDX, ‘Redox’ or ‘the Company’), a leading global distributor of chemicals, ingredients, and raw materials, is pleased to announce the acquisition of 100% of the shares in Molekulis Pty Ltd and Molekulis Limited (‘Molekulis’), a recognised leader in Transformer and Specialty Oils.
This acquisition, aligned with Redox’s inorganic growth strategy, enhances the Company’s client base across Australia and New Zealand, adds valuable supplier relationships with key specialty oil manufacturers, and expands the product range available to Redox’s loyal customers. It also strengthens Redox’s value proposition, allowing us to better meet the needs of clients across both existing and new industry sectors.
Under the leadership of Managing Director Philippe Reboul, Molekulis has established itself as a specialist in the supply of Transformer Oils — a critical component in the energy production, transmission and distribution sector. Headquartered in Brisbane, the company also operates a transformer oil regeneration plant in New Zealand. Molekulis recorded approximately A$27 million in sales revenue in 2024.
Philippe Reboul, Managing Director of Molekulis, commented:
“I’m very grateful of what the Molekulis team has built over the years and the strong relationships we’ve developed with our customers and suppliers. Joining Redox is a powerful next step for the business — their scale, resources, and the strong values we share will open up new opportunities for our customers while maintaining the high level of service and expertise they’ve come to expect. I’m excited to see Molekulis grow as part of the Redox team and confident this move will create lasting value for everyone involved.”
Raimond Coneliano, CEO & Managing Director of Redox, added:
“Molekulis is a business we’ve long respected, and we’re thrilled to welcome Philippe and his team to Redox. This acquisition strengthens our technical expertise and broadens our product offering — particularly in the power industry, as well as the lubricants, rubber, and bitumen sectors. We’re especially excited about Molekulis’ regeneration plant in New Zealand, which enables us to play a bigger role in the circular economy by giving used transformer oil a second life through careful reprocessing and helping reduce waste.”
Transaction Details and Transition Arrangements
A Share Sale Agreement was executed on 29th of April 2025, with completion on the 30th of April 2025, with key assets of Molekulis acquired by Redox as at that date.
Customers and suppliers should continue to engage with Molekulis as usual. Integration plans will be communicated in due course.
For more information, please contact your Redox or Molekulis representative.
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