American Vanguard and Monsanto Extend Crop Protection Collaboration
NEWPORT BEACH, Calif. -- June 6, 2013
American Vanguard Corporation (NYSE:AVD) today announced that its wholly-owned
subsidiary AMVAC Chemical Corporation has extended an agreement with Monsanto
Company to co-market its post-emergent corn herbicide Impact® as part of the
Roundup Ready PLUS™ weed management platform. Impact complements Monsanto’s
Roundup PowerMAX® and Roundup WeatherMAX® herbicides by improving the control
of a number of broadleaf weeds. Under this multi-year agreement, which has
been extended through August 2017, Impact will be listed as an endorsed
product in the platform and promoted by both companies as the qualifying
post-emergent Roundup® agricultural herbicide tank-mix product supported by
Monsanto’s extensive Corn Incentives in the United States.
The Roundup Ready PLUS platform is designed to provide growers with
recommendations of effective, economical and sustainable weed control products
and also provide financial incentives for using many of the products in the
platform. Weed scientists recommend that farmers use multiple modes of action
when managing weeds and AMVAC’s Impact is an outstanding HPPD inhibitor
herbicide that contributes significantly to weed resistance management.
Eric Wintemute, Chairman & CEO of American Vanguard stated: “We are very
pleased to extend this partnership with the clear leader in glyphosate
herbicides. This collaborative engagement provides Amvac with the opportunity
for expanded sales of its high-performance Impact herbicide; provides Monsanto
with even more effective and comprehensive herbicide control for its Roundup®
brand herbicides; and most importantly, provides our mutual customers, the
U.S. corn grower, with the potential for maximum yield enhancement.”
“We are pleased to continue the use of AMVAC’s Impact as a post-emergent corn
herbicide in our Roundup Ready PLUS Corn Incentives,” said Chris Reat,
Monsanto’s Roundup Ready PLUS Marketing Manager. “This agreement creates value
and choice for farmers using the Roundup Ready PLUS system by offering this
effective tool for managing weeds. This partnership further confirms our
commitment to offer the best weed management recommendations to growers that
will help them optimize weed control and achieve maximum yield.”
Under the agreement, Monsanto will continue to license its Roundup Ready PLUS
trademarks for use on Impact and co-market Amvac’s post-emergent corn
herbicide Impact as part of the Roundup Ready PLUS weed management platform.
Financial terms of the agreement were not disclosed.
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural
products company that develops and markets products for crop protection and
management, turf and ornamentals management and public and animal health.
American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and
the Standard & Poor’s 600 Index. To learn more about American Vanguard’s Amvac
Chemical Corporation, please reference the Company’s web site at
About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions
and agricultural products that improve farm productivity and food quality.
Monsanto remains focused on enabling both small-holder and large-scale farmers
to produce more from their land while conserving more of our world’s natural
resources such as water and energy. To learn more about our business and our
commitments, please visit: www.monsanto.com. Follow our business on Twitter®
at www.twitter.com/MonsantoCo, on Facebook® at www.facebook.com/MonsantoCo, or
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Always read and follow label directions. Amvac, Amvac Chemical Corporation and
IMPACT are trademarks of American Vanguard Corporation. Monsanto and Vine
Design, Roundup Ready, and Roundup Ready PLUS are trademarks of Monsanto
The Company, from time to time, may discuss forward-looking information. All
forward-looking statements are estimates by the Company’s management and are
subject to various risks and uncertainties that may cause results to differ
from management’s current expectations. Such factors include weather
conditions, changes in regulatory policy and other risks as detailed in the
Company’s SEC reports and filings. Any forward-looking statements in this
release represent the Company’s best judgment as of the date of this release.
American Vanguard Corporation
William A. Kuser, 949-260-1200
Director of Investor Relations
The Equity Group Inc.
Lena Cati, 212-836-9611
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