Albaugh acquires Spanish company Afrasa

Albaugh Europe Sarl, headquartered in Lausanne, Switzerland, announces the acquisition of Industrias Afrasa, a company headquartered in Valencia, Spain. Afrasa has more than 350 products registered in 28 countries.

Afrasa was founded in 1955 by Aurelio Fernández in Valencia, Spain and in 1974 opened formulation facilities in Paterna, near Valencia. In 1987, Javier Fernández took over the company, making it one of the main Spanish crop protection companies. Now in its third generation and under the leadership of Arantxa Fernández, Afrasa has expanded its presence across Europe, North Africa and the Middle East.

Arantxa Fernández, the CEO of Afrasa, commented: "After three family generations dedicated to the growth of the project started by my grandfather when he decided to found a small chemical company called Afrasa in 1955, the family had to face one of the most difficult decisions a business family has to take. The integration of Afrasa with Albaugh, a global company and leader in the international phytosanitary products market, is the perfect complement to carry out the growth and consolidation plans of Afrasa's future project. The entire Fernandez family, and especially I, we want to thank from the bottom of our hearts all the effort, dedication and professionalism of each of the workers who throughout these years dedicated their efforts to making the Afrasa project grow, without all of you we would never have gotten here."

Stephen Karl, President of Albaugh's Europe, Middle East and Africa Region highlighted: "It has been impressive to see how Afrasa has flourished and grown over the years. Afrasa's portfolio, primarily focused on Mediterranean crops, complements Albaugh's portfolio, and Afrasa's facilities in Spain will build on the existing capabilities of our facilities in Slovenia to support our rapidly growing business and continue our combined success."

Kurt Pedersen Kaalund, the CEO of the Albaugh Group, further commented: "Together with the recently acquired Rotam business, Albaugh will now have a strong product portfolio in Europe and will offer over 35 active ingredients on a European basis. We are very excited to welcome Albaugh Group such a motivated, entrepreneurial, innovative and professional team at Afrasa and have their support in achieving our vision of supporting farmers across Europe, the Middle East and Africa with sustainable crop protection solutions."