Afrikelp, a South African producer of seaweed- and plant-based biostimulants used on more than 45 crops, has been acquired by Sustainable Agro Solutions, a portfolio company of Stirling Square Capital Partners' SAS Group. This marks SAS Group's sixth acquisition, following Biovert in 2023 and Pevesa Agroscience in 2024. The deal deepens SAS Group's presence in the US and international markets while expanding its capabilities in seaweed-based biostimulants.
Afrikelp's management team will reinvest a significant share of their proceeds. The company uses a proprietary cold micronisation process and holds exclusive rights to harvest Ecklonia maxima kelp, serving over 55 markets across North America, Europe, Africa, and Latin America. Stirling Square acquired a majority stake in SAS Group in July 2021 and has backed growth through R&D, new production, and strategic acquisitions.
Financial terms were not disclosed.
Source: PE Hub · Summarized by HeadlinesBriefing