Axieo expands further with Acquisition of SST Australia
Speciality chemicals distributor and masterbatch producer Axieo Pty. Ltd. (Kew (Melbourne), VIC, Australia), has published an announcement that it has signed an agreement to acquire SST Australia (Bayswater (Melbourne),VIC, Australia).
The company, which was formed in 1991, is a supplier of Adjuvants and Spray Additives for the Agricultural and Horticultural industries in Australia and New Zealand. Axieo is planning to re-brand the company into SST Asia Pacific.
HGE / DCG – 02.04.2016
DistriConsult comment: This acquisition follows the takeover of Quantum Chemicals by Axieo in late February. Axieo itself was created in October 2014, when the Specialty Chemicals Distribution and Masterbatch business of Nuplex was acquired by CHAMP Private equity.