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American Vanguard to Acquire One Plant at BASF's Hannibal, MO Site.


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 Corp. (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 exercised an option to acquire one plant at 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
 Corporation's Hannibal, MO site that manufactures two of American Vanguard's most important and promising insecticide products. This pertains to only one of the five plants at BASF's Hannibal site.

The Company anticipates growing sales of Phorate phorate

an organophosphorus compound used as an insecticide and capable of causing poisoning.
[R] (acquired in 2005) and Counter[R] (acquired in 2006) in coming years, and exercising the asset purchase option associated with those prior product acquisitions ensures the continuing supply of these high-quality insecticide products for use in a wide variety of agricultural applications. This acquisition, which is expected to close in late December 2007, will significantly increase American Vanguard's organophosphate organophosphate /or·ga·no·phos·phate/ (or?gah-no-fos´fat) an organic ester of phosphoric or thiophosphoric acid; such compounds are powerful acetylcholinesterase inhibitors and are used as insecticides and nerve gases.  manufacturing capacity.

Eric Wintemute, 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, "We are pleased to be taking ownership of these extremely valuable production assets. The Midwest location will provide us with significant operational and logistical benefits as we continue to expand our participation in the U.S. corn market.

"Our operation will continue to utilize the substantial infrastructure provided at this plant site, including its comprehensive waste treatment capabilities. BASF's regimented regulatory compliance and environmental stewardship The integration and application of environmental values into the military mission in order to sustain readiness, improve quality of life, strengthen civil relations, and preserve valuable natural resources.  was a prime factor in our decision to purchase these assets."

Wintemute continued, "This purchase, along with our 2002 purchase of a DuPont facility in Alabama, demonstrates American Vanguard's commitment to expanding our world-class domestic manufacturing capabilities. We believe that such North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 production units provide a level of quality assurance, expedited delivery and overall cost effectiveness that is superior to those offered by many offshore producers. We intend to use this competence to better serve our existing customers and to facilitate increased future output as we expand our sales channels in international 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 3000[R] 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 the conference call referenced 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.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Oct 29, 2007
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