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AMVAC Acquires Folex Cotton Defoliant Business.


Business Editors

NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--June 11, 2002

AMVAC Chemical Corporation (AMVAC), a wholly-owned subsidiary of American Vanguard Corporation (AMEX AMEX

See: American Stock Exchange
:AVD AvD Automobilclub von Deutschland (German automobile club)
AVD Academy of Veterinary Dentistry
AVD Audio Video Design (Melbourne, FL)
AVD Audio Video Data
AVD Association des Volontaires pour le Développement
), announced today that it has acquired the Folex(R) cotton defoliant defoliant, any one of several chemical compounds that, when applied to plants, can alter their metabolism, causing the leaves to drop off. In agriculture defoliants are used to eliminate the leaves of a crop plant so they will not interfere with the harvesting  business conducted in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  by Aventis CropScience USA prior to Bayer AG's acquisition of Aventis CropScience S.A.

AMVAC has acquired the U.S. EPA EPA eicosapentaenoic acid.

EPA
abbr.
eicosapentaenoic acid


EPA,
n.pr See acid, eicosapentaenoic.

EPA,
n.
 end-use product registration for Folex as well as the Folex trademark and product inventories. In addition, an existing supply agreement with Bayer Corporation providing for the supply of active ingredient An active ingredient, also active pharmaceutical ingredient (or API), is the substance in a drug that is pharmaceutically active. Some medications may contain more than one active ingredient.  and access to data in support of the end-use product registration has been assigned to AMVAC, allowing AMVAC to purchase the active ingredient in Folex from Bayer. Bayer markets a product under its trademark Def(R), which is similar to Folex, and will continue to sell Def following its acquisition of Aventis.

Folex (active ingredient: tribufos), used alone or in combination with other cotton defoliants, affords excellent defoliation of cotton; a process of removing the leaves from cotton plants prior to harvest. Defoliation is important to high crop yields and cotton quality as the leaves of a cotton plant, if not removed, can stain the white cotton fibers during the harvest process. AMVAC will begin selling Folex throughout the U.S. cotton-belt during the third quarter of 2002, and for the first time ever, in a closed-delivery system.

Glen Johnson, Senior Vice President of AMVAC, stated, "Folex rounds out our cotton product portfolio. We sell products to the American cotton farmer that can be used prior to planting, at planting, during the growing season and now, with Folex, at harvest. We are looking forward to marketing this important cotton product later this season and are pleased to see that our business strategy of growth through the acquisition of niche products continues to be rewarding for AMVAC and its customer base."

AMVAC is a manufacturer and marketer of crop protection and specialty products, whose corporate strategy focuses on acquiring branded product lines from multi-national agricultural product companies. Its products include: Fortress(R), Vapam(R), K-Pam(R), Bidrin(R), Dacthal(R), PCNB PCNB

pentachloronitrobenzene.
, Dibrom(R), Durham(TM) metaldehyde metaldehyde

a common molluscicide; its formulation in a bran base, especially pellets, makes it a positive risk for all animal species and a very serious threat to all urban dogs.
 granules Granules
Small packets of reactive chemicals stored within cells.

Mentioned in: Allergic Rhinitis, Allergies
, Amid-Thin(R), Citrus Fix(TM), K-Salt(TM), Fruitone(R), Tre-Hold(R) and the azadirachtin products: Ecozin(TM), Amazin(TM) and Ornazin(TM). American Vanguard's basic strategy is to acquire brand name, niche product lines from multi-national companies that divest mature products to focus on newly discovered molecules. In 2001, American Vanguard was named to Forbes' America's 200 Best Small Companies. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com.

The Company, from time to time, 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 and are 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 from time-to-time 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. The Company disclaims, however, any intent or obligation to update forward-looking statements.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:AMVAC Acquires Folex Cotton Defoliant Business.
Publication:Business Wire
Geographic Code:1USA
Date:Jun 11, 2002
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