American Vanguard Acquires Fungicide Product Line from Chemtura Corporation

Date:12-17-2007

American Vanguard Corporation, today announced that it acquired the pentachloronitrobenzene fungicide product line from the Crop Protection division of Chemtura Corporation. The terms were not disclosed.
The Turfcide® and Terraclor® brands are highly effective fungicides that control a wide range of diseases in turf & ornamental applications, certain agricultural crops, and as a component of seed treatment dressings. These products are registered in the US, Canada, Mexico, Brazil, Australia, Turkey, South Africa and a number of other countries.
Eric Wintemute, President and CEO of American Vanguard, commented, “With the acquisition of these Chemtura products we are expanding our presence in the attractive turf & ornamental segment of the market. We will extend our global footprint for such fungicide products, particularly in Canada and Mexico, which are well served by our North American manufacturing capabilities. In addition to absorbing Chemtura’s distribution channel to end-use markets, we are acquiring additional formulations that should facilitate our global penetration. This
acquisition also enhances the fungicide portion of our current product portfolio, balancing our traditional strength and expertise in herbicides and insecticides.”