Fertiglobe to acquire Wengfu Australia’s distribution assets

Abu Dhabi-based nitrogen producer and distributor Fertiglobe says that it is acquiring the distribution assets of Wengfu Australia Pty Ltd. through an asset sale and purchase agreement, expanding its downstream reach and enhancing access to supplying Australian customers. Fertiglobe currently supplies around 600,000 t/a of urea to Australia, with the potential to grow supply volumes through the Wengfu platform to meet demand. Wengfu operates in southeast Australia from five ports with eight warehouses, distributing 700-800,000 t/a of fertilizers to over 200 customers, with capacity to scale up to 1.1 million t/a.

Fertiglobe says that the acquisition aligns with its strategy to expand its presence in key strategic sectors, diversify its global footprint, and build resilience against seasonality. It provides access to a broader customer base, unlocks supply chain efficiencies, and supports the introduction of enhanced-efficiency and sustainable fertilizers. This acquisition also enables Fertiglobe to widen its distributed product portfolio to non-nitrogen fertilizers and allows it to expand fertilizer sourcing flexibility to supply the wider Asia-Pacific region. The transaction is subject to customary regulatory and legal approvals.