In the early 1980s, Revertex Industries took advantage of an opportunity to consolidate the New Zealand resins industry
As a result of trade protectionist policies that had been in place since the 1960s, by the late 1970s and 80s, the New Zealand resins industry was extremely fragmented. When the government began to remove these policies, Revertex Industries began buying many of its rivals and at the end of the 80s, emerged as the market leader.
Having consolidated the New Zealand resins industry, Revertex Industries, renamed as Nuplex Industries in 1990, moved on to consolidating the Australian resins industry.
In 1998, Nuplex Industries acquired Australian Chemical Holdings (ACH) which was twice the size of Nuplex and had operations in Australia, New Zealand, and Vietnam. In the following year, we acquired Dulux Resins, establishing Nuplex as the leading resins manufacturer in the Australasian market.
In 2002, Nuplex made its first forays into the chemical agency and distribution industry by acquiring Australian based Asia Pacific Specialty Chemicals (APS). This acquisition gave Nuplex the opportunity to increase its distribution network and broaden its expertise in specialty materials used in the construction, food, soap, rubber, and other industries.
In the following years, Nuplex acquired other agency and distribution businesses, including Multichem and Polychem, and formed Nuplex Specialties, one of Australia and New Zealand’s leading agency and distribution businesses.