American Vanguard Corporation and DuPont Crop Protection announced that AMVAC C.V., the Netherlands-based international subsidiary of American Vanguard, has acquired the DuPont global bromacil herbicide business assets. Financial terms of the agreement were not disclosed.
The assets divested include the Bromacil Hyvar and Krovar trademarks, product registrations, product registration data, customer information, access to certain know-how, technical registrations and associated registration data outside of North America.
Bromacil is a broad spectrum residual herbicide used on crops such as pineapples, citrus, agave and asparagus, and is marketed globally under the Hyvar and Krovar brands. Bromacil herbicides remain important weed control tools and are used in countries such as; Japan, Thailand, Mexico, Cost Rica and Brazil.
Eric Wintemute, chairman &; CEO of American Vanguard commented: "This product line acquisition represents an important addition to our existing herbicide portfolio. These proven weed management products will strengthen our competitive position in serving many profitable niche crop markets. Along with other initiatives that we are pursuing, acquiring these Bromacil herbicide assets will significantly enhance our international expansion initiative. We have a history of excellent working relationships with DuPont and are delighted to be carrying this successful product forward.
"This agreement is another step in the execution of our DuPont Crop Protection business growth strategy, said Rik Miller, president, DuPont Crop Protection. "The agreement further enhances our focus on innovative new offerings that drive profitable growth both today and over the long term.