Corteva is slated to be spun off from DuPont later this year. The company will be based in Delaware.
The primary markets for these products are in Canola, Soybeans, and Pulse in the United States and Canada. Financial terms were not disclosed.
Eric Wintemute, Chairman and CEO of American Vanguard commented, “Our acquisition of the QPE product line from Corteva Agriscience provides our crop protection business with a portfolio of valuable herbicide brands that hold significant leadership positions in the North American market. These products are complementary to existing glyphosate, glufosinate and 2,4D use, and are highly regarded for weed and grass control by providing a broad window of application and excellent crop safety.”
Wintemute added, “These products have a well-established market position, are solidly profitable and offer the promise of growth as the Enlist trait technology expands. In this transaction, we also acquired the rights to market in Argentina and Chile which dovetails with our initiative to increase market access in that South American region. We will continue multiple existing supply agreements for these products and incorporate the sales & marketing of these brands into our expanding portfolio of herbicide offerings.”
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. The company is headquartered in Newport Beach, CA.