Nutrien today announced the close of its acquisition of Ruralco Holdings Limited (Ruralco) in Australia. The combination of Ruralco’s business with Nutrien’s Landmark operations is expected to provide significant benefits for all stakeholders and enhance the delivery of products and services to Australian farmers. The combination will also provide Australian growers with enhanced solutions offerings to enable them to better compete in global markets.
Nutrien has steadily grown its retail business and earnings in Australia, with annual EBITDA expected to surpass US$230 million in 2020, of which approximately US$70 million is anticipated to come from the Ruralco acquisition, after accounting for expected synergies.
Nutrien is a provider of crop inputs and services, playing a critical role in helping growers increase food production in a sustainable manner. They produce and distribute 27 million tonnes of potash, nitrogen and phosphate products world-wide.
Landmark has been part of rural Australia and its agricultural industry for more than 150 years. Landmark provides solutions to farmers through a national network that services 100,000 clients in over 200 locations. Landmark’s team of experts are committed to adding profitably and sustainability to the Australian farmer. Landmark operates across merchandise, livestock, wool, real estate, insurance and finance.