AL

Albaugh, Llc



Company Overview



Albaugh, LLC, founded in 1979 by Dennis Albaugh, is a leading privately owned global manufacturer and supplier of crop protection and specialty products. Headquartered in Ankeny, Iowa, the company stands as the largest American-based manufacturer and formulator of off-patent agricultural crop protection products. Albaugh operates with a lean and efficient organizational structure, emphasizing swift delivery of customized solutions to meet regional agricultural needs. Their product portfolio includes herbicides, insecticides, fungicides, and seed treatments, which cater to diverse segments such as turf and ornamental. The company directly serves distributors across North America and employs 421 personnel, reflecting a 24% workforce growth over the past year.

Financial Performance



Albaugh, LLC's estimated annual revenue is around $15 million, emphasizing its significant presence in the agricultural chemicals sector. With revenue generation of approximately $35,629 per employee, Albaugh positions itself strongly within the crop protection market.

Strategic Growth and Development



Albaugh's strategic expansion is marked by numerous global initiatives, including the acquisition of Corteva Agriscience's glyphosate business and Industrias Afrasa in Spain. The company has also expanded production capacity for 2,4-D to meet increasing demand. The acquisition of the basic producer Atanor in Argentina in 1997 further solidified its market stance post-glyphosate patent expiry. These strategic moves underscore Albaugh's commitment to growth and brand evolution, as noted in communications from 2022.

Key Initiatives and Recent Developments



The company has been proactive in sustainability and environmental responsibility, as demonstrated by their 2022 and 2023 sustainability reports showcasing advancements in safety and innovation. Albaugh's credit facilities rating upgrade to Ba2 by Moody's indicates an improved financial standing. Ongoing developments include facility expansions, such as in St. Joseph, Missouri, announced in September 2022, and the acquisition of Rotam, which is expected to further consolidate their market offerings.

Leadership Team



Albaugh, LLC's leadership team plays a vital role in driving the company's strategic objectives:

  • Kurt Pedersen Kaalund, Group CEO: His leadership since 2014, following his tenure as President & CEO at Auriga Industries A/S, continues to guide Albaugh's global operations.


  • Douglas (Dak) Kaye III, President, North America: Known for enhancing value through product innovations and customer excellence in North America.


  • Mark Helt, Vice President, Commercial: Responsible for leading the commercial team focused on product support and maximizing customer profitability.


  • Jamie Eagan, Vice President, Finance: Integral in financial collaboration across various functions to meet company and customer needs.


  • Tim Stoehr, Vice President, Marketing: Dedicated to developing new product registrations and managing regulatory challenges.


  • Nathan Kimmerle, Vice President, Technology: Manages tech operations and highlights safety, quality, and continuous improvement at the St. Joseph site.


  • Renee Gibson, Director of Human Resources: Key in employee engagement and talent acquisition.


  • Reed Weston, Manager, Operations: Specializes in supply chain innovations maintaining high standards of customer service.


Other significant figures include:

  • Stuart Feldstein, EVP/Deputy CEO and CHRO

  • Jim Kahnk, Chief Operating Officer

  • Prabhakar Kumar, VP Marketing, China-Asia-Pacific


Professional Network and External Relationships



Albaugh maintains robust partnerships with global distributors and logistical partners. The company holds a valued membership with CropLife America, actively represented by key leaders including Douglas Kaye III.

Competitive Landscape



Albaugh, LLC faces competition from several domestic and international companies:

  • Iowa Fertilizer Company: With annual revenues of $35 million and 207 employees.


  • Continental Manufacturing Chemist: Generating $35 million in revenue with 46 employees.


  • Gowan Company: A significant entity in crop protection with vast global reach.


In the larger market context, Albaugh contends with players such as Van Diest Supply Company, ESIM Chemicals, and GANTEC.