Business · Companies · 7 hrs ago
SAS Group buys majority stake in South African bio-stimulant maker Afrikelp
Spanish company SAS Group has bought a majority stake in Afrikelp, a South African producer of seaweed- and plant-based bio-stimulants.
SAS Group is backed by British investment firm Stirling Square Capital Partners, which took a majority stake in the company in 2021.
The acquisition is SAS Group’s sixth in three years, following purchases in Spain, Brazil and other markets.
Afrikelp’s products are used on more than 45 crops and sold in 55 markets across North America, Europe, Africa and Latin America.
The deal is intended to expand SAS Group’s products and reach, including its presence in the United States, and add to its technology capabilities.
The terms have not been disclosed, though market sources estimate Afrikelp’s enterprise value at between €50 million and €100 million.
Afrikelp’s management team will reinvest a significant part of the proceeds, and the companies plan to integrate the business.
Sustainable Agro Solutions (SAS Group) has acquired a majority stake in South African bio-stimulant maker Afrikelp.
The terms were not disclosed, but market sources put Afrikelp’s enterprise value at between €50 million and €100 million.
The deal is SAS Group’s sixth acquisition and is intended to expand its bio-stimulant business, strengthen its presence in the United States and other markets, and add technological capabilities.
Afrikelp makes seaweed- and plant-based bio-stimulants and sells them in 55 markets.
Afrikelp’s management team will reinvest a significant part of the proceeds.
- Who
- Sustainable Agro Solutions (SAS Group), backed by Stirling Square Capital Partners, acquired a majority stake in Afrikelp.
- What
- SAS Group bought a majority of the South African bio-stimulant maker. The terms were not disclosed.
- When
- 19 October 2026.
- Where
- Afrikelp is based in South Africa; SAS Group is based in Almacelles, Lleida, Spain.
- Why
- The acquisition is intended to expand SAS Group’s bio-stimulant business, strengthen its presence in the United States and other markets, and add technological capabilities.
This story does not have two clearly opposing sides.
SAS Group acquired Biovert.
SAS Group acquired Pavesa Agroscience.
SAS Group acquired Aqua do Brasil and Codiagro.
SAS Group acquired Ceres Biotics.
SAS Group acquired a majority stake in Afrikelp.
- Stake acquired
- Majority stake
- Estimated enterprise value
- €50 million to €100 million, according to market sources
- Afrikelp markets
- 55 markets across North America, Europe, Africa and Latin America
- Crop applications
- More than 45 crops
- SAS Group acquisitions
- Six, including Afrikelp