ROTTERDAM, The Netherlands, 5 April 2018 – Louis Dreyfus Company (LDC) announced today the completion of the sale of its Australian fertilizer and inputs distribution business, Macrofertil Australia Pty Ltd, to Landmark Operations Ltd, the Australian ag-retail business of Canada-based Nutrien Inc.
The sale was first announced in December 2017 and remained subject to standard conditions. Macrofertil Australia Pty Ltd distributes a full range of fertilizers and crop protection products in Western Australia, South Australia and Victoria.
Gonzalo Ramírez Martiarena, Chief Executive Officer of Louis Dreyfus Company, said, “On behalf of our leadership team, I would like to thank all our employees at Macrofertil Australia for their dedication over the years, which has helped the business to achieve the solid market position that it enjoys today. Having applied the most stringent standards in our buyer review and selection, we are confident that the business will continue to do well under its new management and wish them every success going forward.”
“With the conclusion of this transaction, we are pleased to forge ahead with our previously announced strategy. This will see us concentrate on businesses with closer ties to product sourcing and strong farmer relationships, as well as focus on driving growth across the rest of our businesses in Australia.”
LDC remains committed to Australia, where it has participated in the agricultural industry for over a century, retaining an active presence through its merchandizing and processing activities across its cotton, grains, oilseeds, dairy and sugar business lines.