REDOX LIMITED Redox Limited (Redox) has agreed to purchase the business of New Zealand based specialty plastics distributor Element Raw Materials Ltd (ERM) with the transaction expected to be completed on the 13th of December 2023.
Founded in 2010 by Jason Reid & Kathy Wilson, ERM has developed an enviable position amongst the Australian & New Zealand plastics industry as a leading distributor of elastomer, polymer and polymer compounds with a focus on innovation and customer relationships. Earning a place in Deloitte's Fast 50 2022 for New Zealand and winning the Otago sales growth award for consumer products, ERM has a wide range of products including emerging green polymer chemistries.
CEO & MD Raimond Coneliano said "This is a banner year for our plastics division and this acquisition cements the company in some high-value, specialty products with the world's best manufacturers. Redox continues to be the premier route to market for the region providing unparalleled access to products, customers and suppliers delivered through personalised service."
Jason Reid thanked the Redox team "We are thrilled to announce Element customers will continue the successful growth pathways established over the past 13 years. Now in partnership with the experienced team at Redox and with the efficiencies of scale Redox can provide, we look forward to offering even more value to customers and further expanding the strong technical and commercial support provided."
For more information please contact your Redox representative.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Redox Ltd. published this content on 04 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2023 05:24:17 UTC.
