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American Vanguard Acquires Difenzoquat Product Line From BASF.


NEWPORT BEACH, Calif. -- 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
) today announced that its wholly owned operating subsidiary, AMVAC Chemical Corporation, acquired the cereal herbicide product line, Difenzoquat from BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California)
BASF Badische Anilin und Soda Fabrik (German chemical products company)
BASF Builders Association of South Florida
 Aktiengesellschaft (NYSE NYSE

See: New York Stock Exchange
: BF). The product line consists of the active ingredient Difenzoquat, the trademark Avenge(R), the manufacturing and formulation know-how, and registration rights and intellectual property rights in the US and Canada. Other details of the transaction were not disclosed.

Avenge (difenzoquat), which generated sales of approximately EUR EUR

In currencies, this is the abbreviation for the Euro.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 1.2 million in 2004, was first introduced in 1975 as a selective, post-emergent herbicide primarily to control wild oats oats, cereal plants of the genus Avena of the family Gramineae (grass family). Most species are annuals of moist temperate regions. The early history of oats is obscure, but domestication is considered to be recent compared to that of the other  in barley and wheat. Wild oats are annual grass weeds that are present in many areas where wheat and barley are grown and if not controlled, can lead to serious yield losses. Since Avenge has a unique mode of action, it can be tank mixed with many popular broad leaf herbicides such as MCPA MCPA, MCP

2-methyl-4-chlorophenoxyacetic acid; a weedkiller reported to be nontoxic at the levels likely to be encountered on pasture, though it has killed cattle dosed experimentally with large single doses.
 or 2,4-D to provide broadleaf broad·leaf  
adj.
Broad-leaved.

Adj. 1. broadleaf - having relatively broad rather than needlelike or scalelike leaves
broad-leafed, broad-leaved
 weed control as well as for effectively managing herbicide resistance problems in wild oats.

Eric Wintemute, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of American Vanguard, stated, "We are pleased to complete our third transaction with BASF this year. This acquisition represents yet another achievement in line with our growth strategy of acquiring and licensing niche product lines from larger companies in our industry. Difenzoquat complements our herbicide portfolio, and should begin contributing to our sales starting in the spring of 2006."

About American Vanguard

American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamental management, and public and animal health. The Company's basic strategy is to acquire brand name, niche product lines from larger companies that divest mature products to focus on newly discovered molecules. During 2005, American Vanguard was recognized as one of BusinessWeek's Hot Growth Companies (#72), FORTUNE Small Business' America's 100 Fastest Growing Small Companies (#40) and Forbes' 200 Best Small Companies (#59). 2005 marks the third consecutive year American Vanguard has been included on these three lists - the only company to hold this honor. American Vanguard is included on the Russell 2000(R) and Russell(R) 3000 Indexes. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com.

American Vanguard, 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 American Vanguard'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 American Vanguard's SEC reports and filings. All forward-looking statements, if any, in this release represent American Vanguard's judgment as of the date of this release.
COPYRIGHT 2005 Business Wire
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 20, 2005
Words:464
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