American Vanguard Corporation's subsidiary AMVAC Chemical Corporation is acquiring the US end-use product registrations and trademarks of four crop protection brands from Syngenta Crop Protection, a deal the company expects to add more than $7 million in annual net sales, Global Agriculture reports. The company announced it on 29 September.
The four are Caparol, a residual herbicide against broadleaf weeds and grasses in cotton, vegetables and peas and in burndown tank mixes; Evik, a herbicide used in sugarcane and pineapple; Prime+, a plant growth regulator for sucker control in tobacco; and Agri-Flex, an insecticide used in specialty crops, particularly Florida citrus, within integrated pest management rotations.
The deal is an asset purchase of registrations and trademarks, not a stake in any Syngenta company. Other financial terms were not disclosed. American Vanguard expects it to add to earnings within a year. The transaction has not closed: the registrations still have to be transferred through the US Environmental Protection Agency and state regulators.
Chief executive Dak Kaye said each product holds a recognised place in its market and meets needs that remain important to growers. The company said supply and customer service will continue through the transition.
American Vanguard has set targets of $100 million in new product sales by 2030 and $600 million in annualised sales by the end of 2028. Buying brands that already carry EPA registrations is a quicker route to sales than developing new active ingredients. For Syngenta, the sale trims small, regional products that sit outside its larger row-crop priorities, a kind of divestment that has become more common among the biggest crop protection companies.
Source: Global Agriculture
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