In a major acquisition, national water specialists HydroChem have purchased Western Australian chemical manufacturer Environex. The Perth based business has a national footprint, manufacturing for food & beverage, mining, stone care and general industry.
Echoing HydroChem’s own humble formation in Victoria, Environex is a privately held, Australian owned, family business with a trading legacy going back over 50 years. Environex has a dedicated and highly experienced team manufacturing bespoke product lines in Perth, Brisbane, and at its original location in regional Bunbury.
“Environex is a family business with a culture similar to our own,” says HydroChem CEO Nick Duncan. ‘Bringing the two teams together will complement rather than replicate what we already do. HydroChem’s manufacturing capacity, national service responsiveness and industrial client base are all major beneficiaries of this move.”
HydroChem CEO Nick Duncan meets the Environex team in Bunbury
Environex is a trusted and highly respected name in the chemical manufacturing sector, particularly in its home state of Western Australia. The company will continue to operate independently, including supplying its own original branded product lines.
Duncan says his team are excited at the prospect of combining the manufacturing capability and operational footprint of these two highly respected companies. The combined entity will manufacture across four facilities with an additional eight dangerous goods storage facilities – reducing the logistics and costs associated with supplying chemicals to clients across major cities and regional areas.
“Our potential is significantly expanded by this coming together,” Duncan explains. “It is exciting to think that the combined resources of Environex and HydroChem offer:
- A workforce of over 300 employees
- Four established dangerous goods manufacturing facilities
- An additional eight dangerous goods storage facilities
- An annual turnover of over AUD$80M
Without doubt, the market presence of this partnership is greater than the sum of its parts,” concludes the HydroChem CEO.
The sale took effect in early February.