Louis Dreyfus Company (LDC) came to an agreement with Landmark Operations, the Australian ag-retail business to sell its fertilizer and inputs distribution business.
Netherland-based agribusiness company LDC has entered an agreement to sell its Australian fertilizer and inputs distribution business, Macrofertil Australia Pty Ltd, to Landmark Operations Ltd, the Australian ag-retail business of Canada-based Agrium Inc. Incorporated in October 2013, Macrofertil Australia Pty Ltd distributes a full range of fertilizers and crop protection products in Western Australia, South Australia and Victoria. The business includes six fertilizer storage and distribution assets with coating and blending capabilities, with annual sales exceeding 300 thousands tons and reaching to approximately US$120 million. Completion of the agreement is subject to customary closing conditions, and is expected to close in the first quarter of 2018.