Business
SNG: Fertiglobe acquires distribution assets of Wengfu Australia
SNG: Fertiglobe acquires distribution assets of Wengfu Australia
About this update from Fertiglobe Plc
First published: 02-Oct-2025 07:40:14Staff WriterFertiglobe, the exclusive ammonia platform of Adnoc and XRG, has completed the acquisition of the distribution assets of Wengfu Australia Pty Ltd, a leading fertilizer distribution business. This acquisition reinforces Fertiglobe’s commitment to customer proximity in key markets, in line with its ‘Grow 2030 Strategy’, the company said.Fertiglobe is the world’s largest seaborne exporter of urea and net ammonia combined and the largest nitrogen fertilizer producer in the Middle East and North Africa region.The acquired assets are strategically located across five ports with eight warehouses, distributing 700-800kt of fertilizers annually to over 200 customers, with capacity to scale up to 1.1 million tons per annum.Fertiglobe Australia Pty Ltd (Fertiglobe Australia), a fully owned subsidiary of Fertiglobe, has been established as the legal entity that will operate the acquired distribution assets under the Fertiglobe brand. Through this acquisition, Fertiglobe has become a leading supplier in one of the world’s fastest-growing agricultural markets, with assets recognised for their high-quality standards and a well-established supply chain.The acquisition of Wengfu Australia’s distribution assets marks a significant step toward Fertiglobe’s ‘customer proximity’ pillar of its recently announced ‘Grow 2030 Strategy’ to become a global integrated nitrogen champion and is expected to generate incremental annual EBITDA of $23 million by 2030. The acquisition is set to be financed using pre-arranged short-term financing facilities, with no impact on Fertiglobe’s dividend distribution capability and minimal impact on net debt/ LTM adjusted EBITDA (1.2x as of June 2025), it said. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.