American Vanguard Expands Latin American Presence by Acquiring Grupo Agricenter

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–American Vanguard Corporation (NYSE:AVD) announced today that its wholly
owned subsidiary AMVAC Netherlands BV, will acquire Grupo Agricenter to
reinforce its commercial, technical and development structure in the
Latin-American region. AMVAC has been a key player in the Latin American
agricultural sector for more than a decade and has become a leader in
the nematicides segment for crops such as banana and pineapple. The
acquisition of Grupo Agricenter, a well-established distributor of
multiple crop protection products in seven Central American and
Caribbean countries, will considerably expand AMVAC’s product and
service offerings in the region.

Eric Wintemute, Chairman & CEO of American Vanguard Corporation, parent
company of AMVAC Netherlands BV commented, “We are pleased to be
strengthening our Latin American presence through the acquisition of
Grupo Agricenter. The breadth of their portfolio, commitment to customer
service and in-depth experience in multiple markets complement our own
business approach. This acquisition will not only advance AMVAC’s
international expansion but will also enhance our successful track
record of providing important solutions to farmers throughout the
region. This newly acquired platform has enjoyed annual sales of $50+
million in the recent past, and we expect to build upon that foundation
going forward.”

Luis Carlos Chacon, Principal and Founder of Grupo Agricenter, stated,
“In 2001, I made the decision to bring to Costa Rica a business concept
focusing on integrated solutions for the Agro industry. Through the
years, this approach has been consolidated at regional levels in
multiple countries thanks to suppliers and customers who believed in us.
Our philosophy of customer service, social responsibility, innovation
and environmental awareness has found fertile soil in AMVAC, a company
that shares these values with us.”

Gerardo Suárez, General Manager, AMVAC LATAM commented, “We
have found in Grupo Agricenter an enterprise with significant market
presence in terms of products, suppliers, crop sectors served, and human
capital. We are very confident that this company’s skillset will
continue to benefit current and future suppliers and customers and will
facilitate AMVAC’s ability to expand our participation in the dynamic
and competitive LATAM market.”

Both parties have announced October 2, 2017 as the official closing date
for this transaction. The terms of the acquisition were not disclosed.

About Grupo Agricenter:

Grupo Agricenter is a leader in agricultural solutions with presence in
seven countries in the Central American and Caribbean regions. It is the
first company certified as carbon neutral in its category of business,
possesses a proactive and dynamic team, a successful commercial
platform, and a well consolidated program of Corporate Social
Responsibility.

In addition, Grupo Agricenter has developed its own line of products,
including Greenplants, and maintains relationships with key partners
such as Adama, BASF, Decco, FMC, Rotam and Syngenta, among others. Its
business model is based on three fundamental pillars: research and
development (LIFE), a committed professional team, and a commercial
platform that includes personalized attention and high quality products.

About American Vanguard

American Vanguard Corporation is a diversified specialty and
agricultural products company that develops and markets products for
crop protection and management, turf and ornamentals management and
public and animal health. American Vanguard is included on the Russell
2000® and Russell 3000® Indexes and the Standard & Poor’s Small Cap 600
Index. To learn more about American Vanguard, please reference the
Company’s web site at www.american-vanguard.com.

The Company, from time to time, may discuss forward-looking information.
Except for the historical information contained in this release, all
forward-looking statements are estimates by the Company’s management and
are subject to various risks and uncertainties that may cause results to
differ from management’s current expectations. Such factors include
weather conditions, changes in regulatory policy and other risks as
detailed from time-to-time in the Company’s SEC reports and filings. All
forward-looking statements, if any, in this release represent the
Company’s judgment as of the date of this release.

Contacts

American Vanguard Corporation
William A. Kuser, 949-260-1200
Director
of Investor Relations
[email protected]
or
The
Equity Group Inc.
Lena Cati, 212-836-9611
[email protected]
www.theequitygroup.com