Nutrien To Acquire Ruralco For Australian Agribusiness Expansion
Nutrien announced it has agreed to acquire all of Ruralco Holdings’ shares for A$469 million ($332 million).
Ruralco operates as a diversified agribusiness company in Australia.
With the deal for Ruralco, Nutrien is combining the new firm with its existing Landmark business to create a larger and more complete set of offerings for Australian agricultural and livestock markets.
Macquarie Park, Australia-based Ruralco was founded in 1865 to improve agricultural workflow, efficacy and lower cost of production by providing Australian farmers with various agricultural products and services.
Management is headed by Managing Director and CEO Travis Dillon, who has been with the firm since 2007 and is also currently Director at Lifeline Australia.