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Agrium to Acquire Louis Dreyfus Company's Fertilizer Business in Australia
Dec. 12, 2017 08:22AM PST
Phosphate InvestingAgrium (TSX: AGU) (NYSE: AGU) announced today a binding purchase agreement between its Australian ag-retail business, Landmark Operations (“Landmark”), and Louis Dreyfus Company (“LDC”) for the acquisition of Macrofertil, a fertilizer distribution business in Australia with approximately $120-million in annual sales. The business includes six fertilizer storage and distribution assets with coating and blending capabilities, and its …
Agrium (TSX: AGU) (NYSE: AGU) announced today a binding purchase agreement between its Australian ag-retail business, Landmark Operations (“Landmark”), and Louis Dreyfus Company (“LDC”) for the acquisition of Macrofertil, a fertilizer distribution business in Australia with approximately $120-million in annual sales. The business includes six fertilizer storage and distribution assets with coating and blending capabilities, and its annual sales exceed 300,000 tonnes.
Agrium’s President and CEO, Chuck Magro said:
“This network of high quality assets will complement our existing Retail footprint in Australia, and allow us to enhance our product and service offering for new and existing Landmark customers.”
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