Switzerland-based Albaugh Europe Sarl announced the acquisition of Industrias Afrasa, headquartered in Valencia, Spain, according to a release.
Founded in 1955 by Aurelio Fernández, Industrias Afrasa’s formulation facilities opened in Paterna in 1974. Javier Fernández took control of the company in 1987 and went on to transform Industrias Afrasa into one of the leading crop protection companies in Spain. The company is now in the third generation of leadership under Arantxa Fernández.
“Afrasa’s integration with Albaugh, a global company and leader in the international market of phytosanitary products, is the perfect complement to carry out the growth and consolidation plans of Afrasa’s future project,” said Arantxa Fernández, CEO of Afrasa.
“All the Fernandez family, and especially myself, want to thank from the bottom of my heart all the effort, dedication and professionalism of each one of the workers that during all these years have dedicated their efforts to make Afrasa’s project grow. Without all of you, we would never have reached this far.”
Afrasa has seen significant growth since the company’s establishment in 1955 and has expanded into Europe, North Africa and the Middle East with over 350 products registered in 28 countries, while defending more than 12 active ingredients in Europe.
“It has been impressive to see how Afrasa has flourished and grown over the years,” commented Stephen Karl, president of Albaugh’s Europe, Middle East and Africa region. “The Afrasa portfolio, mainly focused on Mediterranean crops, complements the Albaugh portfolio, and the Afrasa facilities in Spain will build upon the existing capabilities of our Slovenia facilities to support our rapidly growing business and continue the combined success.”
“Together with the newly acquired Rotam business, Albaugh will now have a strong product portfolio in Europe and offer over 35 active ingredients at European level,” added Kurt Pedersen Kaalund, the group CEO of Albaugh. “We are very excited to welcome such a driven, entrepreneurial, innovative, and professional Afrasa team into the Albaugh Group and to have their support to achieve our vision to support farmers throughout Europe, the Middle East and Africa with sustainable crop protection solutions.”