Louis Dreyfus to Sell Australian Inputs, Fertilizer Business
Louis Dreyfus has agreed to sell Macrofertil Australia Pty Ltd - its Australian fertilizer and inputs business - to Landmark Operations Ltd., the Australian ag-retail unit of Canada’s Agrium Inc., for an undisclosed amount.
Macrofertil Australia was founded in 2013 and includes six fertilizer storage and distribution assets with coating and blending capacity. Through its business activity in Western Australia, South Australia, and Victoria, the company realized annual sales of approximately $120 million.
The decision by Louis Dreyfus to divest the business relates to its strategic plan to narrow its focus to cotton, grains, oilseeds, dairy, and sugar, with the goal of creating closer ties to sourcing and farmer relations.
Moving forward, Louis Dreyfus states that Macrofertil will continue to deliver a range of fertilizers and ag input products to its customers in other countries around the world.