Abu Dhabi – Mubasher: Fertiglobe has completed the acquisition of the distribution assets of Wengfu Australia Pty Limited, a leading fertilizer distribution business.

This deal reinforces the ADX-listed company’s commitment to customer proximity in key markets, in line with its ‘Grow 2030 Strategy’, according to a press release.

Through this acquisition, Fertiglobe has become a leading supplier in one of the world’s fastest-growing agricultural markets.

Moreover, the transaction marks a significant step toward Fertiglobe’s objectives to become a global integrated nitrogen champion. In this regard, it is expected to generate incremental annual EBITDA of $23 million by 2030.

Ahmed El-Hoshy, CEO of Fertiglobe, commented: “Building on our strong track record of collaboration with the Wengfu team, I have full confidence in their ability to continue delivering.”

“Fertiglobe Australia’s platform across the Asia-Pacific region creates new opportunities, expands our customer base, and strengthens our supply chain efficiency,” El-Hoshy added.

The CEO noted: “This acquisition diversifies our footprint, strengthens our resilience against seasonality and broadens our portfolio to include non-nitrogen fertilizers.”

At the end of June 2025, the group recorded 20% year-on-year (YoY) higher revenues at $1.26 billion, compared to $1.04 billion.