AMVAC Mexico Srl Acquires Certain Herbicide and Fungicide Products from Syngenta in Mexico
Eric Wintemute, Chairman & CEO of American Vanguard Corporation, parent company of AMVAC Mexico said, “The acquisition of these products continues the successful track record of providing important solutions to farmers worldwide. AMVAC Mexico has been successfully operating in the Mexican crop protection market for over 20 years and has been steadily expanding its presence in the market. These newly acquired products have enjoyed sales in the range of $8 million to $10 million in the recent past, and we expect to build upon that foundation going forward. The addition of such trusted and proven formulated products to AMVAC’s portfolio will complement and strengthen our existing herbicide and fungicide offerings.”
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.
About Syngenta:
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com.
ContactsAmerican Vanguard Corporation
William A. Kuser, 949-221-6119
Director of Investor Relations
[email protected]
or
The Equity Group Inc.
Lena Cati, 212-836-9611
[email protected]
www.theequitygroup.com
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NEWPORT BEACH, Calif.–(BUSINESS WIRE)–American Vanguard Corporation (NYSE:AVD) announced today that its wholly
owned subsidiary AMVAC Mexico Srl has completed the acquisition of
certain selective herbicides and contact fungicides sold in the Mexican
agricultural market from Syngenta AG. This divestment results from
Mexican regulatory authority COFECE’s resolution dated as of April 7th,
2017 related to the acquisition of Syngenta AG by China National
Chemical Corporation. The transaction includes seven branded selective
herbicides for sugar cane and eight contact fungicide brands. The terms
of the acquisition were not disclosed.
Eric Wintemute, Chairman & CEO of American Vanguard Corporation, parent
company of AMVAC Mexico said, “The acquisition of these products
continues the successful track record of providing important solutions
to farmers worldwide. AMVAC Mexico has been successfully operating in
the Mexican crop protection market for over 20 years and has been
steadily expanding its presence in the market. These newly acquired
products have enjoyed sales in the range of $8 million to $10 million in
the recent past, and we expect to build upon that foundation going
forward. The addition of such trusted and proven formulated products to
AMVAC’s portfolio will complement and strengthen our existing herbicide
and fungicide offerings.”
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.
About Syngenta:
Syngenta is a leading agriculture company helping to improve global food
security by enabling millions of farmers to make better use of available
resources. Through world class science and innovative crop solutions,
our 28,000 people in over 90 countries are working to transform how
crops are grown. We are committed to rescuing land from degradation,
enhancing biodiversity and revitalizing rural communities. To learn more
visit www.syngenta.com
and www.goodgrowthplan.com.
Contacts
American Vanguard Corporation
William A. Kuser, 949-221-6119
Director
of Investor Relations
[email protected]
or
The
Equity Group Inc.
Lena Cati, 212-836-9611
[email protected]
www.theequitygroup.com
