American Vanguard Announces Marsing Facility Acquisition.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. -- American Vanguard Corporation (NYSE NYSE See: New York 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 it has acquired an established production facility in Marsing, Idaho Marsing is a city in Owyhee County, Idaho, United States. The population was 890 at the 2000 census. Geography Marsing is located at (43.545484, -116.807811)GR1. from Bayer CropScience LP. This self-contained production facility has the capability to formulate and package a number of active ingredients into finished "flowable" products that are used in a wide variety of crop protection applications. Formerly owned by Gustafson and Crompton Corporation Crompton Corporation, formerly Crompton and Knowles, is a chemical research, production, sales and distribution company headquartered in Middlebury, Connecticut. The company produces specialty chemicals used for polymers, fire suppressants and retardants, pool and spa water , this operation has a lengthy history of manufacturing many important ingredients that are employed in various seed treatment formulations. Eric Wintemute, President & 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 commented, "This production capability will allow AMVAC to expand the range of its offering to customers interested in "on-seed" coating protection. When combined with our extensive line of soil treatment and plant protection products, our customers will now be able to choose from a wider portfolio of pest defense measures, manufactured in AMVAC's highly reliable, domestic production facilities." The purchase agreement calls for American Vanguard to supply Bayer CropScience for several years with some of the Bayer products currently formulated at the site, facilitating both a seamless transfer of the site's operations to American Vanguard and the transition of that production by Bayer to its own operations. Other specific terms of the transaction were not disclosed. Mr. Wintemute concluded, "This acquisition further strengthens our recent emphasis on establishing a broad-based, high-quality domestic manufacturing capability to serve the needs of growers in every region of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. With our Metam Sodium & Potassium expansion in Axis, Alabama to serve the Southeast U.S., and our Hannibal, Missouri Hannibal is a Mississippi river city of 17,757 (2000 census), located in Marion and Ralls County, Missouri. Hannibal is located at the intersection of U.S. highways 36 and 61, approximately 110 miles north of St. Louis. facility to serve the central "grain belt", we now add a well-positioned location to facilitate the demands of the Northwestern U.S. and Western Canadian markets." 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 ornamentals management and public and animal health. 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. The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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