AMVAC Acquires Global Bromacil Herbicide Business Assets from DuPont Crop Protection
29 April 2015 - 10:05PM
Business Wire
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® and Krovar® brands. Bromacil herbicides
remain important weed control tools and are used in countries such
as; Japan, Thailand, Mexico, Cost 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 Forward-Looking Statements: In its
public commentary, the Company 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 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 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.
DuPont Forward-Looking Statements: This news release
contains forward-looking statements which may be identified by
their use of words like “plans,” “expects,” “will,” "believes,"
“intends,” “estimates,” “anticipates” or other words of similar
meaning. All statements that address expectations or projections
about the future, including statements about the company’s growth
strategy, product development, regulatory approval, market
position, anticipated benefits of acquisitions, timing of
anticipated benefits from restructuring actions, outcome of
contingencies, such as litigation and environmental matters,
expenditures and financial results, are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and are based on certain assumptions and expectations of future
events which may not be realized. Forward-looking statements also
involve risks and uncertainties, many of which are beyond the
company’s control. Some of the important factors that could cause
the company’s actual results to differ materially from those
projected in any such forward-looking statements are: fluctuations
in energy and raw material prices; failure to develop and market
new products and optimally manage product life cycles; significant
litigation and environmental matters; failure to appropriately
manage process safety and product stewardship issues; changes in
laws and regulations or political conditions; global economic and
capital markets conditions, such as inflation, interest and
currency exchange rates; business or supply disruptions; security
threats, such as acts of sabotage, terrorism or war, weather events
and natural disasters; ability to protect and enforce the company's
intellectual property rights; successful integration of acquired
businesses and separation of underperforming or non-strategic
assets or businesses and successful completion of the proposed
spinoff of the Performance Chemicals segment including ability to
fully realize the expected benefits of the proposed spinoff. The
company undertakes no duty to update any forward-looking statements
as a result of future developments or new information.
American Vanguard CorporationWilliam Kuser,
949-221-6119williamk@amvac-chemical.comorDuPontGregg M.
Schmidt302-999-3330 office302-598-6286
cellgregg.m.schmidt@dupont.com
DuPont de Nemours (NYSE:DD)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
DuPont de Nemours (NYSE:DD)
Historical Stock Chart
Von Jul 2023 bis Jul 2024