July 1, 2023
A JOHNSONS CORPORATE DIVESTMENT
Johnsons is pleased to announce the successful sale of a private, mid-sized Australian business to an ASX-listed trade buyer. After facilitating a comprehensive, end-to-end sales and negotiations process, our client – Triox Pty Ltd – has been acquired by DGL Group (ASX:DGL) for an undis-closed amount. NSW and VIC based Triox is a niche developer & manufac-turer of advanced pesticide products, formulated for applications in agricul-tural and home & garden settings. DGL Group is a market leader in chemical formulation and manufac-turing as well as in related warehous-ing & distribution, waste management, and environmental solutions.
The team at Johnsons were pleased to act as lead advisors to the directors of Triox and would like to extend our congratulations to both the vendors and the purchaser.
In 2022, after more than 25 years in operation, Triox’s three directors engaged Johnsons to assist with their exit strategy. They sought a strategic buyer who would have the capabilities and appetite to continue servicing Triox’s long-standing customer base of leading pesticide brands, agricultural suppliers, and home & garden retailers.
Using custom research, Johnsons’ direct marketing efforts resulted in 38+ expressions of interest from a diverse range of prospective trader acquirers. After multi-party negotiations and then securing Offer & Acceptance with our client’s preferred buyer, Johnsons worked diligently to bring the transaction to completion in a timely manner.