Ridley to acquire Dyno Nobel’s Australia fertilizer distribution business

LONDON (ICIS)–Ridley Corporation has agreed to acquire Dyno Nobel’s fertilizer distribution business for (Australian dollar) A$300 million, the Australian animal nutrition company said on Monday.

The deal to buy IPF Distribution includes an option to acquire its Geelong North Shore property for A$75 million.

The Phosphate Hill fertilizer manufacturing operations, and the closure and remediation costs associated with the Gibson Island and Geelong manufacturing operations are excluded from the deal, Ridley said.

IPF Distribution is part of Incitec Pivot Fertilisers, a manufacturer and distributor of fertilizers within the wider business of explosives maker Dyno Nobel.

Completion of the transaction is expected by Q3 2025 and no later than 30 November, subject to certain agreed conditions.