Ridley Corporation to acquire Dyno Nobel’s fertilizers distribution business in $300 million deal
MELBOURNE: Ridley Corporation Limited (ASX: RIC) announced Monday it has entered into a binding agreement to acquire Dyno Nobel Limited’s fertilizer distribution business, IPF Distribution, for $300 million. The deal includes put/call options to acquire the Geelong North Shore property for an additional $75 million. The acquisition excludes Dyno Nobel’s Phosphate Hill fertilizer manufacturing operations…