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American Vanguard Acquires Herbicide Brands from Corteva Agriscience
American Vanguard Corporation has acquired four herbicide brands—Classic, First Rate, Hornet and Python-- from Corteva Agriscience.
American Vanguard officials says these products are complementary tank-mix partners for a variety of primary herbicides used in the U.S agricultural market. They are particularly valuable for enhancing weed control performance against increasing numbers of resistant weed species, according to American Vanguard officials.
“Acquisition of these four brands from Corteva Agriscience provides our crop protection business with a strengthened portfolio of valuable herbicides that play an important role in weed control and resistance management,” said Eric Wintemute, chairman and CEO of American Vanguard, in a company news release. “These brands broaden our U.S. herbicide offering in soybeans, corn, peanuts, and a number of other niche crop markets.
In addition, these products provide a number of beneficial performance characteristics, added Wintemute. “Classic is an excellent tank-mix partner with other postemergence herbicides to expand the weed control spectrum in soybeans and peanuts. First Rate provides both pre- and postemergence control in soybeans and is effective in all tillage systems with excellent crop safety. Hornet, with dual modes of action, is preferred for early- to midseason control of hard-to-manage glyphosate-resistant weeds. Python is focused on postharvest, weed elimination burndown applications in U.S. corn and soybeans. These brands have well-established market positions, are solidly profitable, and can be readily incorporated into our existing sales and marketing programs.”
This transaction includes acquisition of end-use registrations, commercial sales and marketing information, and finished goods inventory. Financial terms are not being disclosed.