Lempriere Group look at Agrium Landmark acquistion

Lempriere Group look at Agrium Landmark acquistion
Lempriere Group look at Agrium Landmark acquistion

The Lempriere Group is in due diligence to buy Agrium's Landmark agency and trading business.

The deal is estimated to be worth about $1.2 billion, Fairfax Media suggest.

Agrium bought Landmark as part of its acquisition of AWB in 2010 in a $1.2 billion deal. 

Landmark has more than 105,000 clients, representing more than 75 percent of all farms as Australia's largest distributor of merchandise and fertiliser as well as being a major wool and livestock trader. 

The company's revenue to December 2015 was $2.3 billion ranking it among the top three biggest agricultural companies in Australia behind Graincorp and Nufarm.

Ruralco has also been mentioned as a possible contender for part of the Landmark business. 

The fifth-generation Australian business Lempriere Group is partners with the Chinese textile giant Shandong RuYi in 2012, following the joint purchase of Cubbie Station, near Dirranbandi, Queensland.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Rural Farming

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