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SAS Group buys South Africa's Afrikelp, its sixth acquisition since 2023

FinanceInternationalInterempresas Media35 s readAI summary
Image: Interempresas Media

Lleida-based SAS Group acquired a majority stake in Afrikelp, a Cape Town producer specializing in algae-based biostimulants. It is its sixth acquisition since 2023, following Biovert, Pevesa Agroscience, Aqua do Brasil, Codiagro and Ceres Biotics. Afrikelp, with more than 50 years of history, holds an exclusive concession to harvest Ecklonia maxima seaweed and a patented cold micronization process. It will keep operating under its own brand from its Cape Town plant.

In 35 seconds

  • SAS Group acquires a majority stake in Afrikelp, its sixth deal since 2023
  • Afrikelp holds an exclusive concession for Ecklonia maxima seaweed and a patented cold micronization process
  • The South African company will keep its brand and Cape Town plant, integrated into the group's industrial network
Read the full story at Interempresas Media

IASummary generated by artificial intelligence from a story by Interempresas Media. It may contain errors: the original source prevails.

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