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.”
