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ACCESS Newswire·

American Vanguard Announces Acquisition of U.S. Crop-Protection Products from Syngenta

  • American Vanguard Corporation announced its subsidiary AMVAC Chemical Corporation has acquired U.S. rights to four crop-protection brands from Syngenta: Caparol, Evik, Prime+, & Agri-Flex.
  • The acquisition adds established products to AMVAC's portfolio to address specific field challenges in cotton, vegetables, sugarcane, pineapple, tobacco, & specialty crops.
  • The transaction is projected to generate over $7 million in annual net sales & supports American Vanguard's goals of $100 million in new product sales by 2030 & $600 million in annualized sales by 2028.
  • Financial terms were not disclosed, but the deal is expected to be accretive to earnings within the next year & positively impact the company's leverage ratio over the next twelve months.
  • Caparol is a residual herbicide for broadleaf weeds & grasses in cotton, vegetables, & peas; Evik is a niche herbicide for sugarcane & pineapple; Prime+ is a growth regulator for tobacco sucker control; Agri-Flex is an insecticide for Florida citrus.
  • The transaction includes applicable U.S. end-use product registrations & trademarks, with priority placed on a smooth transition & uninterrupted customer service.
  • American Vanguard currently holds more than 1,000 product registrations worldwide & operates as a diversified specialty & agriculture products company.