American Vanguard Corporation (NYSE:AVD) through its principal operating subsidiary, AMVAC, has entered into an agreement for the purchase of selected product lines and related inventory from Willowood USA, LLC which has sought approval of the transaction with the U.S. Bankruptcy Court under Rule 363. AMVAC’s bid is further subject to a potential bid process before the bankruptcy court and final approval by that court, which if granted, would occur by mid-April 2019.
Bob Trogele, Executive Vice President & Chief Operating Officer of AMVAC commented: “This potential acquisition includes more than a dozen herbicide technical registrations and nearly 2 dozen formulation registrations, which will enable us to develop new and improved premix solutions. We will provide additional details of this acquisition if approval is obtained from the bankruptcy court.”
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® and Russell 3000® Indexes and the S&P SmallCap 600® Index. To learn more about American Vanguard, please reference the Company’s website 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 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.