Scepter-based herbicide products have been licensed by a wholly-owned subsidiary of American Vanguard Corporation - Amvac Chemical Corporation, from BASF Corporation. The company intends to use it in the United States and its territories.
Pre-emergence and post-emergence control of broadleaf weeds in soybeans can be managed by Scepter which is a broad-spectrum herbicide. Other Scepter-based formulations can be used as selective post-emergence herbicides that provide superior control of many hard-to-control weeds in turf applications.
Transfer of EPA end-use registrations and labels, purchase of technical product inventory, license to the Scepter trademark and formulation know-how are all included in the licensing agreement. However the other terms of the transaction and the agreement were not released.
“We are very pleased to add the Scepter-based product line to our existing portfolio. Scepter will broaden our row crop capabilities by allowing us to participate in the soybean market, which has been a strategic objective of ours in recent years. Other Scepter-based products will enhance our offerings for turf applications in the non-crop segment of our business. We see significant additional opportunities on the horizon to acquire, license or co-market similar proven, branded products and American Vanguard is positioned to capitalize on that potential,” said Eric Weintemute, Chairman and CEO of American Vanguard.
The company – Amvac Chemical says that in order to strengthen the Yield Enhancing Solutions umbrella brand for crop protection, it continues to seek products, technologies and business alliances which can help to achieve that. The company also wants to seek alliances that help the company to complement its initiatives in precision planting equipment application systems, said Bob Trogele, Chief Operating Officer of Amvac Chemical.
“It is clear that with our recent focused product additions from DuPont, Adama and now BASF, Amvac is extending its market access in strategic crop segments and global geographic regions. We are confident that Amvac can increase the market penetration of these products by creating new added value formulations and by providing a broader herbicide offering that expands our current customer base,” he said.
An specialty and agricultural products company, American Vanguard Corporation is a company that develops and markets products for crop protection and management, turf and ornamentals management and the control of public and animal health pests. The company is also included in the list of Russell 2000 and Russell 3000 Indexes and the Standard & Poors Small Cap 600 Index.
(Source:www.businesswire.com)
Pre-emergence and post-emergence control of broadleaf weeds in soybeans can be managed by Scepter which is a broad-spectrum herbicide. Other Scepter-based formulations can be used as selective post-emergence herbicides that provide superior control of many hard-to-control weeds in turf applications.
Transfer of EPA end-use registrations and labels, purchase of technical product inventory, license to the Scepter trademark and formulation know-how are all included in the licensing agreement. However the other terms of the transaction and the agreement were not released.
“We are very pleased to add the Scepter-based product line to our existing portfolio. Scepter will broaden our row crop capabilities by allowing us to participate in the soybean market, which has been a strategic objective of ours in recent years. Other Scepter-based products will enhance our offerings for turf applications in the non-crop segment of our business. We see significant additional opportunities on the horizon to acquire, license or co-market similar proven, branded products and American Vanguard is positioned to capitalize on that potential,” said Eric Weintemute, Chairman and CEO of American Vanguard.
The company – Amvac Chemical says that in order to strengthen the Yield Enhancing Solutions umbrella brand for crop protection, it continues to seek products, technologies and business alliances which can help to achieve that. The company also wants to seek alliances that help the company to complement its initiatives in precision planting equipment application systems, said Bob Trogele, Chief Operating Officer of Amvac Chemical.
“It is clear that with our recent focused product additions from DuPont, Adama and now BASF, Amvac is extending its market access in strategic crop segments and global geographic regions. We are confident that Amvac can increase the market penetration of these products by creating new added value formulations and by providing a broader herbicide offering that expands our current customer base,” he said.
An specialty and agricultural products company, American Vanguard Corporation is a company that develops and markets products for crop protection and management, turf and ornamentals management and the control of public and animal health pests. The company is also included in the list of Russell 2000 and Russell 3000 Indexes and the Standard & Poors Small Cap 600 Index.
(Source:www.businesswire.com)
