AMVAC Chemical Corporation.AMVAC Chemical Corporation (AMVAC), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of American Vanguard Corp., completes the acquisition of certain assets related to the 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. dichlorvos di·chlor·vos n. A nonpersistent organophosphorous pesticide of low toxicity to humans. dichlorvos a broad-spectrum organophosphorus insecticide and anthelmintic. (DDVP DDVP see dichlorvos. ), 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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