American Vanguard Corporation, through its principal operating subsidiary, AMVAC Chemical Corporation, has just announced the signing of an agreement to acquire certain U.S. assets relating to the three crop protection product lines - Abamectin, Chlorothalonil and Paraquat - from subsidiaries of Adama Agricultural Solutions Ltd., which is part of the China National Chemical Corporation ("ChemChina") group. 
 
Financial terms of the agreement were not disclosed. 
 
The acquisition is part of a consent agreement between the Federal Trade Commission (the "FTC"), on the one hand, and ChemChina and Syngenta AG, on the other hand, under which ChemChina is required to divest these assets as a pre-condition for ChemChina's proposed acquisition of Syngenta AG. The FTC published the subject consent decree on its website on April 4, 2017, is soliciting public comment for a period of 30 days and will also publish it in the Federal Register imminently. 
 
The assets include trademarks, product registrations, registration data, and commercial information that relate to the marketing and sale of these three products in the crop protection market within the United States. 
 
Eric Wintemute, Chairman & CEO of American Vanguard commented: "We are excited about the prospect of acquiring these product lines for crop use domestically. For some time, we have been reporting that industry consolidation will result in acquisition opportunities, and this is exactly the kind of deal that we had been anticipating. We expect to give more color on this deal once the ChemChina-Syngenta merger closes." 
 
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® & Russell 3000® Indexes and the Standard & Poors Small Cap 600 Index. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com
 

[ Survey ]

Have a China Field Visit, to Explore the Opportunity of Chinese Agchem Market !

In 2015, the Chinese government put forward the Pesticide & Fertilizer-use Zero Growth program, for which a series of supportive policies were released. The program set a new requirement for the supply of environment-friendly products and the provision of advanced agricultural technology for application towards crop protection and crop nutrition services. It will also have a profound effect on the Chinese agrochemical market structure in the future.

At the request of some of our readers, AgroPages is planning to organize a China field visit for enterprises interested in the Chinese agrochemical market. Enterprises, including but not limited to green crop protection product vendors, agrotechnical service providers and precision agriculture-oriented enterprises can participate in the field visit. 
 
We will arrange meetings with Chinese agrotechnical promotion agencies and prime distributors, as well as organize interviews with farmers and major growers, so that enterprises can understand the needs of the market and explore the available business opportunities. China is vast, with diversified structure of cultivation. To better fulfill your expectations from the Chinese market, you are kindly requested to take part in the following survey to enable us to schedule this business trip to your satisfaction.
  1. 1. Would you consider attending such an investigation group?
    • Yes
    • No
    • Won't attend now, but will attend next year
  2. 2. What would you like to know about the Chinese agrichemical industry during this visit?
    • Agri-inputs Supply Position
    • Crop Plantation
    • Pesticides and Fertilizers Registration
    • Distribution
    • Partner Selection
    • Policy and Regulation
    • Other(Please specify)
  3. 3. Which company/organization would you like to visit or hold a meeting with during this visit?
    • Agriculture Technology and Popularization Center
    • Agri-inputs manufacturer
    • Agri-inputs distributor
    • Large-scale grower
    • Pesticide and Fertilizer Registration Department/Agent
    • Other(Please specify)
  4. 4. When would be the most convenient time for you to attend the investigation group?
    • June
    • July
    • August
    • November
    • Other(Please specify)
  5. 5. Briefly introduce your company and business?
  6. 6. Please leave your contact information, if you are interested in more details about the visit.
    Your Name:
    Email:
    Company:
    Tel:
    Mobile: