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American Vanguard Acquires Manufacturing Facility From DuPont.


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)--May 24, 2001

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 AMVAC Chemical Corporation (AMVAC), a wholly-owned subsidiary of the Company, completed the acquisition of a manufacturing facility from E.I. Du Pont de Nemours Du Pont de Ne·mours   , Pierre Samuel 1739-1817.

French-born economist and politician who took part in negotiations after the American Revolution (1783) and in the acquisition of the Louisiana Territory (1803).
 and Company (DuPont) (NYSE NYSE

See: New York Stock Exchange
:DD). The facility, termed the "C-Unit", is one of three such units located on 25 acres in DuPont's 510-acre complex in Axis (adjacent to Mobile), Alabama. The C-Unit is a multipurpose plant designed primarily to manufacture pyrethroids pyrethroids

synthetic substances with activity similar to the naturally occurring pyrethrins. They include cypermethrin, cyhalothrin, deltamethrin, flumethrin, permethrin.
 and organophosphates, including Fortress(R), a corn soil insecticide that AMVAC purchased from DuPont in 2000.

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.  Eric Wintemute stated, "By adding the C-Unit to our infrastructure, we have significantly increased our capacity while also gaining flexibility and geographic diversity. As we look to acquire additional product lines, this facility will allow us to produce compounds that could not be manufactured at our Los Angeles facility and further complement our toll manufacturing capabilities."

Under the terms of the agreement, AMVAC and DuPont will benefit from shared services shared services,
n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them.
 for the common operational requirements of the three manufacturing units. AMVAC plans to formulate and package products in the C-Unit later this year.

Glen Johnson, Senior Vice-President and Director of Product Development, led the negotiations for AMVAC and commented, "This acquisition is an important step for AMVAC at a time when consolidation in our industry is providing many opportunities for additional growth."

American Vanguard Corporation is a diversified specialty and agricultural products company. Its subsidiaries include AMVAC Chemical Corporation, which develops and markets safe and effective products for agricultural and commercial uses; GemChem, Inc., a national chemical distributor; AMVAC Chemical UK Ltd., the Company's UK office; Quimica Amvac De Mexico S.A. de C.V., the Company's Mexico office; and Environmental Mediation, Inc., an environmental consulting firm.

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 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 24, 2001
Words:399
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