AMVAC Chemical Corporation.
AMVAC Chemical Corporation (AMVAC), a wholly owned subsidiary of American Vanguard Corp., completes the acquisition of certain assets related to the active ingredient dichlorvos di·chlor·vos (d -klôr v s , -v (DDVP DDVP - Dimethyl Dichloro-Vinyl Phosphate), used in the animal health business. The ingredient is marketed primarily under the trade name Nuvan from Novartis Animal Health Inc., a business unit of Novartis AG. AMVAC expects Nuvan to generate sales of approximately $5 million in the first year and anticipates sales levels expanding as the company develops customer relationships. It will begin selling the acquired products in the first quarter of 2004 to the existing customer base.
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