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.”
