American Vanguard Corporation announced the acquisition of four herbicide brands from Corteva Agriscience.
American Vanguard is based in Newport Beach, CA, while Corteva, the combined DuPont-Dow seed, and crop protection operation, is based near Wilmington.
The products are used in enhancing weed control performance against increasing numbers of resistant weed species.
The brands involved are Classic, First Rate, Hornetand Python. This transaction includes acquisition of end-use registrations, commercial sales and marketing information and finished goods inventory. Financial terms were not disclosed.
Eric Wintemute, CEO of American Vanguard commented, “Acquisition of these four brands from Corteva Agriscience provides our crop protection business with a strengthened portfolio of valuable herbicides that play an important role in weed control and resistance management. These brands broaden our U.S. herbicide offering in soybeans, corn, peanuts and a number of other niche crop markets.”
Wintemute concluded, “These brands have well-established market positions, are solidly profitable and can be readily incorporated into our existing sales and marketing programs. We are very excited about the opportunity these products provide in helping our valued customers improve crop yields through superior weed control management in a number of crop segments that are strategically important to drive AVD’s growth.”
American Vanguard Corporation develops and markets products for crop protection and management, turf and ornamentals management and public and animal health.