−− Acquisition will strengthen product portfolio and facilitate market access in greenhouse and nursery markets
Sep. 26, 2017
OHP will continue to operate as it has in the past. It will maintain the OHP, Inc. name, its products will continue to be marketed under OHP brands, and the business will remain under the leadership of Dan Stahl, OHP General Manager.The OHP team will continue to sell OHP’s existing portfolio and service its current and future customers.
AMVAC Chief Operating Officer, Bob Trogele commented: “We are extremely excited to have OHP become a significant part of AMVAC’s Non-Crop business.Their entrepreneurial culture, business model and strategy are very similar to ours, so it is a great fit. In addition, the OHP team brings a reputation for high quality products and unequaled customer service. The leading position that OHP has built will be a great complement to our growing turf, ornamental and pest control business.”
Dan Stahl, General Manager of OHP commented: “We are very pleased to join AMVAC. The cultural fit, resources and business development approach of AMVAC will create tremendous opportunities for growth. I am truly excited to be a part of the AMVAC leadership team and look forward to continuing to grow the OHP business.”
In recent years, OHP has generated annual sales in the range of $20-$25 million and American Vanguard expects to build on that foundation going forward. This acquisition will increase AMVAC’s Non-Crop business by approximately 50%. Terms of the deal were not disclosed.