American Vanguard Acquires Evital 5G Cranberry Herbicide From Syngenta.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)--Jan. 30, 2003 American Vanguard Corp. (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 AMVAC Chemical Corporation (AMVAC), a wholly-owned subsidiary of the Company, has acquired the Evital(R) 5G cranberry herbicide herbicide (hr`bəsīd'), chemical compound that kills plants or inhibits their normal growth. A herbicide in a particular formulation and application can be described as selective or nonselective. 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. from Syngenta Crop Protection, Inc. The terms were not disclosed. The Company expects to begin marketing Evital 5G in the spring of 2003. Evital 5G is used at planting time in the key cranberry growing states of Massachusetts, New Jersey, Wisconsin, Michigan and Oregon. AMVAC will sell Evital 5G to similar distributors that purchase its other product lines and will be able to integrate this product into its portfolio without additional staffing needs. Glen Johnson Glen Johnson may refer to:
Any of a large group of substances used to kill insects. Such substances are mainly used to control pests that infest cultivated plants and crops or to eliminate disease-carrying insects in specific areas. business." Rob Neill, Vice President of Marketing for Syngenta Crop Protection, added, "Syngenta has found the ideal buyer in AMVAC for a product with a small but established market segment. This transaction provides the cranberry grower with uninterrupted access to this important tool." About American Vanguard American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets crop protection and management, turf management Turf management or pitchcare describes the work needed to keep a sporting pitch ready for use. This article looks at the various types of sporting pitches and the type of challenges which they present. and public health insecticides. The Company's basic strategy is to acquire brand name, niche product lines from multi-billion dollar companies that divest mature products to focus on newly discovered molecules. 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. |
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