Wednesday, December 13, 2017

Agrium buys Australian fertilizer company

Agrium, already the world’s largest fertilizer retail company, has a deal to buy Macrofertil, a fertilizer distribution business in Australia, from Louis Dreyfus Co.

Financial terms of the deal were not immediately available.

The company says the Macrofertil business includes six fertilizer storage and distribution assets with coating and blending capabilities, and about $155 million in annual sales.

Agrium's owns Landmark Operations Ltd. in Australia; it sells crop inputs and agricultural merchandise and provides agronomic advice and services for wool and livestock sales, finance, insurance and real estate.

Atrium of Calgary is merging with Potash Corp. of Saskatchewan, which is the world’s largest potash mining company.