Ankeny, Iowa, USA
December 29, 2022
Albaugh Europe Sarl, a company headquartered in Lausanne, Switzerland, announces the acquisition of Industrias Afrasa, a company headquartered in Valencia, Spain.
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 leading Spanish crop protection companies. Now in the 3rd generation and under the leadership of Arantxa Fernández, Afrasa has expanded its presence across Europe, North Africa and Middle East with more than 350 products registered in 28 countries and defending over 12 active ingredients in Europe.
Arantxa Fernández, the CEO of Afrasa, commented: “After three family generations dedicated to growing the project started by my grandfather when he decided to found a small chemical company called Afrasa in 1955, the family has had to face one of the hardest decisions that a business family has to make. 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. 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.”
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. 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.”
Kurt Pedersen Kaalund, the Group CEO of Albaugh, further commented, “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. 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.”
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