Redox Limited (Redox), a leading global chemical, ingredients, and raw material distributor, has acquired the business, stock and key assets of Auschem (N.S.W.) Pty Ltd (‘Auschem’) on the 4th of November 2024.
Redox has assumed the lease of the Auschem site (91 Newtown Road, Wetherill Park, NSW) and will continue to provide all the same products and services as you’ve come to enjoy from Auschem.
Founded in 1998, Auschem is an Australian chemical distributor with a strategic portfolio of solvents. Auschem sells across a wide range of industries including Surface Coatings, Lubricants, Mining and Bitumen. Auschem are equipped to handle bulk product storage, create custom blends and repackage products to meet bespoke customer requirements.
Charlie Ciantar, Managing Director of Auschem, says:
“Auschem and Redox have enjoyed a longstanding relationship so it made perfect sense for the next stage of growth to be under the Redox banner. My sons Jason, Adam and the larger Auschem team are eager to begin this new chapter under Redox leadership, leveraging the company’s greater scale and resources. To our valued customers and suppliers thank you for your support over the years, I am confident that Redox will take excellent care of your needs.”
Accounts arrangements
Auschem invoices dated pre-completion (before 04/11/24) may be paid to Redox who will forward the payment to Auschem. Late or incomplete payment of outstanding debts could result in delay or suspension of delivery.
Order placement
All new orders (post-completion) should be placed against Redox, if you require any clarification or assistance reach out to your representative for help.
Redox Ltd (ASX:RDX, or ‘Redox’ or ‘the Company’), a leading global distributor of chemicals, ingredients and raw materials is pleased to announce that it has agreed to acquire the business of Auschem (N.S.W.) Pty Ltd (‘Auschem’), a specialist in solvent distribution and specialty chemical solutions..
This acquisition expands Redox’s presence in Australia, strengthens key supplier relationships, and enhances the company’s product portfolio, offering greater value to clients. It also positions Redox to meet the needs of a growing customer base and accelerate growth in key market segments.
Founded in 1998, Auschem is an Australian chemical distributor with a strategic portfolio of solvents. Auschem sells across a wide range of industries including Surface Coatings, Lubricants, Mining and Bitumen. Operating from a facility in Western Sydney, Auschem are equipped to handle bulk product storage, create custom blends and repackage products to meet bespoke customer requirements. Sales revenue in 2023 was approximately A$30m.
Charlie Ciantar, Managing Director of Auschem, says:
“Auschem and Redox have enjoyed a longstanding relationship so it made perfect sense for the next stage of growth to be under the Redox banner. My sons Jason, Adam and the larger Auschem team are eager to begin this new chapter under Redox leadership, leveraging the company’s greater scale and resources.
To our valued customers and suppliers thank you for your support over the years, I am confident that Redox will take excellent care of your needs.”
CEO & MD of Redox, Raimond Coneliano, added:
“We are thrilled to welcome the Auschem team to Redox. Their impressive track record and expertise provide a strong foundation for future success. Solvents represent a significant growth opportunity for Redox, and this acquisition will enable us to enhance our capabilities through leasing the Auschem facility in Wetherill Park.
We would also like to extend our gratitude to Richard Xin and his team at Viva Energy Australia, a key supplier, for their support throughout this process. We are excited about the bright future ahead.”
Transaction details and transition arrangements
A Sale & Purchase Agreement was executed by the parties on the 11th of October 2024, with completion of the transaction expected on the 11th of November 2024.
Until completion customers and suppliers of Auschem should continue arrangements as normal.
On completion Auschem supplier debts as at completion will be paid by Redox. Auschem customer debts as at completion will be collected by Redox and forwarded to Auschem to ensure an orderly transition.
Speak to your Auschem or Redox representative for more information.
Redox Ltd (ASX:RDX, or ‘Redox’ or ‘the Company’), a leading global chemical, ingredients and raw material distributor, announces that it has agreed to acquire 100% of the shares of Oleum Pty Ltd and Oleum Holdings Pty Ltd (‘Oleum’), a specialty and commodity chemicals distributor to the agriculture, mining, personal care and surface coatings sectors.
The acquisition, which is consistent with Redox’s strategy, expands the Company’s customer base in Australia, enhances supplier relationships with globally significant specialty chemical manufacturers and widens the range of products available to Redox’s established clientele. It will allow the Company to better serve the needs of a larger number of clients and help to accelerate growth in key market segments.
Founded in 2015, Oleum is an Australian chemical distributor with a strategic portfolio of surfactants. Oleum sells across a wide range of industries and has a particular focus and strength in Crop Protection and Household/Personal Care. Headquartered in Melbourne, the company consists of a team of 5 who have achieved an outstanding track-record of excellent customer service across a range of compelling offerings from some of the world’s most renowned manufacturers. Sales revenue in 2023 was approximately A$30m.
John Lemanis, Director of Oleum, says:
“Redox is the perfect home for Oleum, the businesses are strategically well aligned and will be highly complementary to each other. My team is excited to join Redox which will leverage what’s great about us with the benefit of Redox’s leading software system, wide logistics network and larger team of salespeople.”
CEO & MD of Redox, Raimond Coneliano, added:
“This is a special opportunity, and we are delighted to welcome John and the Oleum team to Redox. Together our combined knowledge and product portfolio will be an exciting prospect for Australian customers of both companies. In time, we anticipate the opportunity to promote select Oleum products and suppliers to our clients in the United States and around the world. This certainly helps cement Redox as the pre-eminent distributor of chemicals in the region and will provide new avenues for growth.”
Transaction details and transition arrangements
A Share Sale Agreement was executed by the parties on 2nd July 2024, with a simultaneous completion of the transaction. As a result Redox has acquired the key assets of the business as of this date.
Customers and suppliers should continue to deal with Oleum Pty Ltd as per pre-acquisition, it is expected that integration will be completed on the 1st of August 2024 after which all new orders should be placed upon Redox Limited.
Reach out to your Redox or Oleum representative for more details.
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Redox Limited (ASX: RDX) is pleased to announce that Redox has been selected for inclusion in the Standard & Poor’s (“S&P”)/ASX 300 Index by the S&P Dow Jones effective prior to ASX market opening on March 18, 2024.
Raimond Coneliano, CEO and Managing Director, comments, “We are very pleased that Redox has been selected for inclusion in the S&P/ASX 300 Index. This was one of our aspirations during our IPO process last year and we’re satisfied to have achieved this milestone so quickly. In a way, this is recognition of the enduring value that the company has built over nearly sixty years as a leading chemical and ingredients distributor coupled with an exciting growth trajectory as we expand globally. S&P/ASX 300 Index inclusion places Redox amongst the 300 largest securities traded on the ASX. It should help increase Redox’s trading liquidity through incremental demand for our shares from institutional investors and fund managers who track the composition of the Index and benchmark their performance against it.”
The S&P/ASX 300 is designed to provide investors with broader exposure to the Australian equity market. The index measures 300 of Australia’s largest highly liquid securities listed on the ASX by float-adjusted market capitalization. The S&P/ASX 300 index covers the large-cap, mid-cap, and small-cap components of the S&P/ASX Index Series.
This index is designed to provide investors with broad exposure to the Australian equity market while allowing them to benchmark against a wide selection of opportunities based on specific size and liquidity parameters.
On September 15th, we hosted a special RUOK Day Breakfast BBQ for our valued staff, serving a delectable spread of sausages, eggs, bacon rolls, and more.
R U OK? Day serves as a poignant reminder that any day is an opportunity to ask a simple yet profoundly important question: “Are you OK?” It’s a day dedicated to offering support and compassion to those who may be navigating life’s challenges.
This year, the theme was “R U OK? – I’m here to hear.”
We added a delightful twist to the event by playing an engaging game of HUMAN BINGO. Similar to traditional bingo, the goal was to complete a row, but instead of numbers, we used people descriptors. Laughter and camaraderie filled the air as our team members enthusiastically participated.
Human Bingo Rules
The event was a resounding success, leaving everyone not only with full stomachs but also with a renewed sense of connection and support.
For more information about R U OK? Day and the important work they do, please visit their website.
Redox is committed to nurturing a culture of compassion and understanding within our organisation. We extend our gratitude to our HR department and all the individuals who contributed their efforts on that day. Thank you.
Redox are proud to announce another sales record with revenue growing to $1.26b, up from $1.08b in 2022.
CEO & Managing Director Raimond Coneliano said “We achieved a record FY23 sales result with revenue increasing 16.2% to $1.26 billion over the prior year. This is a fantastic achievement despite the industry at large continuing to face uncertain global economic and trading conditions and pricing volatility. The record sales performance was supported by our strategic decision in the first half of the year to secure inventory to reliably meet our customers’ demand.
As such, Redox was able to maintain its strategic leadership in its core market of Australia and New Zealand, delivering important gains in share of wallet with some of our larger customers, which was supported by adding exciting new products to our diversified portfolio.
In the US, a key growth market for Redox, we continued to grow our presence by expanding into four new locations, bringing our network to six. This geographic expansion and new customer wins have driven strong revenue growth, and we are confident the expanding platform will continue to maintain the positive momentum we are experiencing in the US.
In Asia, sales in Malaysia were relatively stable in FY23 while we also registered a new entity in Singapore to take advantage of the opportunities in that market.”
The company thanks it’s loyal customers, suppliers and team members for their support during the year.
Redox has commenced the installation of electric chargers at its sites starting with 12 units at its head office in Sydney, to help promote the adoption of zero-emission vehicles and better utilise the renewable solar energy that the company produces.
With the growing adoption of zero-emission vehicles in Australia, accounting for 8% of new car sales, we have taken a progressive step by introducing electric vehicle (EV) options for our employees. This decision empowers our workforce to actively contribute to decarbonisation efforts and reaffirms our position as an industry leader.
Redox has installed 12 EV chargers distributed throughout our Minto site. These are a free amenity which we are providing to all staff.
The charging infrastructure overlays our existing significant investment in our sites, equipping them with photovoltaic solar generation systems with a total capacity of 600kW. We are immensely proud that our commitment to practical initiatives contributed to our recent recognition with the prestigious Silver medal sustainability rating from Ecovadis in 2023.
We plan to gradually expand this infrastructure to other Redox-operated sites, making sustainable transportation solutions more accessible.
On Monday, the 3rd of July 2023, at midday in Sydney, the company was officially listed on the Australian Securities Exchange (ASX).
This is the culmination of more than 58 years of hard work by the Coneliano family and our loyal employees; we believe that listing on the ASX has strengthened the company and will provide it with a foundation to grow into the future.
The company thanks our advisors UBS, Ord Minnett, Herbert Smith Freehills, Deloitte and Citadel Magnus for their assistance throughout the IPO process.
Finally, we extend a warm welcome to our new shareholders of Redox.
We at Redox are excited to share that we have renewed our Chemical Educational Foundation’s Presidents Club membership. This is our way of supporting the CEF team’s efforts to promote chemistry education and raise awareness among students in grades K-8.
CEF’s You Be The Chemist programs uniquely connect business and education in local communities to reach students early in life and ignite a passion for chemistry and science-related careers.
Companies and individuals in the science and chemistry industries have invested in You Be The Chemist since 1989, to inspire young students into a lifelong passion for these fields. Programs are implemented in partnership with schools and education programs so activities align with local workforce and learning needs.
Nick Osmo, General Manager, North America, said, “I believe fostering curiosity into STEM at an early age is essential. We want our youth’s innate curiosity to overcome any intimidating aspects that otherwise might deter them so that these powerful subjects become enduring areas of interest, study and eventually a career and passion.”
In today’s world, where science, technology, engineering, and mathematics (STEM) are crucial for the future workforce, high school and post-secondary students often receive the most attention in terms of preparation.
However, it is essential to realise that igniting a passion for science at a young age, even as early as five years old, significantly enhances the likelihood of engaging students in learning and ultimately pursuing careers in STEM fields.
CEF’s outstanding program, You Be the Chemist, is dedicated to this cause. It offers educators many educational resources, including activity guides and workshops. Additionally, the program hosts an annual academic competition at the local, state, and national levels, inviting students in grades 5-8 to compete for scholarships and prizes.
The impact of CEF’s You Be the Chemist program is evident in the remarkable outcomes it has achieved.
The You Be the Chemist program continues to serve as a bridge between businesses, educational institutions, and young students, demonstrating the immense potential of chemistry to create a better world.
ICIS Chemical Business Magazine has released their annual Top 100 Chemical Distributors for 2023 and Redox has been ranked as the largest Australian distributor, 12th largest in APAC and the 34th globally.
This list includes 340 of the world’s leading chemical distributors with rankings based upon revenue achieved during Calendar Year 2022.
Of note Redox has climbed 30 places in North America as the company grows it’s presence in the US and Mexican markets, with new locations opened recently in Houston, Dallas and Seattle.
This result is an endorsement of the value that Redox has been able to deliver for clients and our suppliers through the good work of our dedicated team.
Click here to read the full report.