American Vanguard Acquires Global Bromacil Herbicide Business Assets from DuPont Crop Protection
NEWPORT BEACH, Calif., and WILMINGTON, Del., April 29, 2015 – American Vanguard Corporation and DuPont Crop Protection today announced that AMVAC C.V., the Netherlands-based international subsidiary of American Vanguard, has acquired the DuPont global Bromacil herbicide business assets. Financial terms of the agreement were not disclosed.
The assets divested include the Bromacil Hyvar® and Krovar® trademarks, product registrations, product registration data, customer information, access to certain know-how, technical registrations and associated registration data outside of North America.
Bromacil is a broad spectrum residual herbicide used on crops such as pineapples, citrus, agave and asparagus, and is marketed globally under the Hyvar®
brands. Bromacil herbicides remain important weed control tools and are used in countries such as; Japan, Thailand, Mexico, Costa Rica and Brazil.
Eric Wintemute, chairman & CEO of American Vanguard commented: “This product line acquisition represents an important addition to our existing herbicide portfolio. These proven weed management products will strengthen our competitive position in serving many profitable niche crop markets. Along with other initiatives that we are pursuing, acquiring these Bromacil herbicide assets will significantly enhance our international expansion initiative. We have a history of excellent working relationships with DuPont and are delighted to be carrying this successful product forward.”
“This agreement is another step in the execution of our DuPont Crop Protection business growth strategy,” said Rik Miller, president, DuPont Crop Protection. “The agreement further enhances our focus on innovative new offerings that drive profitable growth both today and over the long term.”
American Vanguard Corporation (NYSE:AVD) 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®
& Russell 3000®
Indexes and the Standard & Poors Small Cap 600 Index. To learn more about American Vanguard, please reference the company’s web site at www.american-vanguard.com.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.
American Vanguard Corporation
Gregg M. Schmidt
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