American Vanguard Corporation, through its international subsidiary AMVAC Netherlands B.V., announced the acquisition of Adama Agricultural Solutions Ltd.'s European Nemacur insecticide/nematicide business assets. Financial terms of the agreement were not disclosed.
The assets acquired include all trademarks, product registrations, associated registration data, and customer information that relates to the marketing and sale of this crop protection product in Europe. Nemacur is a highly effective insecticide/nematicide used to control soil insects and nematodes on many fruit and vegetable crops.
Eric Wintemute, Chairman & CEO of American Vanguard commented: “Having previously acquired Nemacur assets outside of Europe from Bayer Crop Science in 2010, this purchase completes our worldwide ownership of this proven crop protection product. It represents an important addition to our existing insecticide portfolio and will significantly enhance our international expansion initiative.”
Ad de Jong, Managing Director of AMVAC Netherlands B.V. and International Marketing and Sales Director commented: “This acquisition strengthens considerably our competitive position in Europe for high value fruit andvegetable crops. We look forward to working with the Adama team that will be appointed as AMVAC’s distributor for Nemacur in Greece, Italy, Portugal and Spain.”