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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

American Vanguard Corporation Seeking Purchase of Herbicide Products

February 28, 2019

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Feb 28, 2019--American Vanguard Corporation (NYSE:AVD) through its principal operating subsidiary, AMVAC, has entered into an agreement for the purchase of selected product lines and related inventory from Willowood USA, LLC which has sought approval of the transaction with the U.S. Bankruptcy Court under Rule 363. AMVAC’s bid is further subject to a potential bid process before the bankruptcy court and final approval by that court, which if granted, would occur by mid-April 2019.

Bob Trogele, Executive Vice President & Chief Operating Officer of AMVAC commented: “This potential acquisition includes more than a dozen herbicide technical registrations and nearly 2 dozen formulation registrations, which will enable us to develop new and improved premix solutions. We will provide additional details of this acquisition if approval is obtained from the bankruptcy court.”

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 & Poors Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s web site at www.american-vanguard.com.

In its public commentary, the Company may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management 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. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190228005265/en/

CONTACT: American Vanguard Corporation

William A. Kuser, Director of Investor Relations

(949) 221-6119

williamk@amvac-chemical.comThe Equity Group Inc.

www.theequitygroup.com

Lena Cati (212) 836-9611

Lcati@equityny.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES AGRICULTURE

SOURCE: American Vanguard Corporation

Copyright Business Wire 2019.

PUB: 02/28/2019 09:00 AM/DISC: 02/28/2019 09:01 AM

http://www.businesswire.com/news/home/20190228005265/en