Fertiglobe, the world’s largest nitrogen fertilizer producer in the Middle East and North Africa (MENA) region,  announced the completion of acquiring the distribution assets of Wengfu Australia Pty Ltd., a leading fertilizer distribution business,  through an asset sale and purchase agreement (SPA), strengthening its downstream reach and enhancing supply access for Australian customers.

Fertiglobe is the world’s largest seaborne exporter of urea and net ammonia combined, and the exclusive ammonia platform of the UAE ADNOC and XRG.

Under the transaction, Fertiglobe Australia Pty Ltd., will be established as a fully owned subsidiary that will operate the acquired assets and serve as a platform for expanding the company’s presence in the Asia-Pacific region.

The acquired assets span five strategic port locations with eight warehouses, handling the distribution of 700,000–800,000 tons of fertilizers each year to more than 200 customers, with the potential to expand capacity to 1.1 million tons annually.

Aligned with Fertiglobe’s recently announced “Grow 2030 Strategy”, the deal represents a significant step toward the company’s “customer proximity” pillar and is expected to generate incremental annual EBITDA of around $23 million by 2030.

Prior to the deal, Fertiglobe had been supplying approximately 600 kt of urea annually to Australia, with Wengfu as its largest customer in the country. Through Fertiglobe Australia, the company aims to significantly increase supply volumes to meet growing demand, while unlocking new distribution and supply chain synergies.

The move further accelerates Fertiglobe’s expansion into Asia-Pacific, reinforcing its position in strategic markets and building resilience across commodity cycles.

Fertiglobe’s production capacity comprises 6.6 million tons of urea and merchant ammonia, produced at four subsidiaries in the UAE, Egypt and Algeria, making it the largest producer of nitrogen fertilizers in MENA, and benefits from direct access to six key ports and distribution hubs on the Mediterranean Sea, Red Sea, and the Arab Gulf.