American Vanguard Enters Exclusive Multi-Year Agreement with Bayer CropScience for Bayleton(R) Fungicide.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 its subsidiary, AMVAC Chemical Corporation, entered into an exclusive multi-year agreement with Bayer CropScience LP to market, sell and distribute Bayleton(R), a fungicide fungicide (fŭn`jəsīd', fŭng`gə–), any substance used to destroy fungi. Some fungi are extremely damaging to crops (see diseases of plants), and others cause diseases in humans and other animals (see fungal infection). , 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. . Terms of the agreement were not disclosed. Bayleton (active ingredient Triadimefon) controls the diseases, powdery pow·der·y adj. 1. Composed of or similar to powder. 2. Dusted or covered with or as if with powder. 3. Easily made into powder; friable. Adj. 1. mildew and rusts on a range of fruits and vegetables, including pumpkins, melons, grapes, and cucumbers, as well as apples and pears This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. , the two crops on which it is most often used. Under the terms of the agreement, Bayer CropScience will supply the formulated product to AMVAC. AMVAC will begin marketing the product immediately. 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, "Bayleton is an important addition to our portfolio in top fruit. Since we have a strong presence in Bayleton's key crops and regions, we believe AMVAC is well positioned to maximize the potential from this product. I am especially pleased to report that this agreement represents our third agreement with Bayer CropScience to date. We continue to execute on our growth strategy to acquire and license niche product lines from the largest companies in the industry." 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion