AMVAC® and NewLeaf Symbiotics® Extend North American Partnership to Key Global Markets
November 07 2023 - 9:00AM
Business Wire
American Vanguard® Corporation (NYSE: AVD), through its wholly
owned subsidiary AMVAC Chemical Corporation, is pleased to announce
the extension of our North American partnership with NewLeaf
Symbiotics® of St. Louis. Building on the agreement announced in
late 2022, AMVAC and NewLeaf will collaborate to bring innovative
biologicals solutions to multiple markets in key locations
internationally. The expanded relationship now will include
distribution in Argentina, Brazil, Ukraine, and China.
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The extended relationship will expand and accelerate American
Vanguard’s growing GreenSolutions™ biological portfolio
internationally and facilitate NewLeaf’s objective of securing
wider market penetration of its unique and proprietary PPFM
technology.
AMVAC will leverage its international market access, strong
sales teams in Latin America and Ukraine, and its operational
expertise relating to our portfolio of GreenSolutions™ biologicals.
The international expansion builds upon the 2023 launch of AMVAC’s
BioWake™ dual-use biological seed treatment application in the U.S.
planter box market. BioWake leverages NewLeaf’s microbial
inoculants, along with Low Mu Tech’s DUST soy protein planter
lubricant, to provide growers a safer, greener alternative to
current talc- and graphite-based seed lubricants.
NewLeaf brings to the partnership its proprietary microbial
library, proven research and development capabilities, and current
product offering including naturally occurring microbes that
deliver a range of benefits to crops throughout the entire growing
season. Leading this new class of ag biologicals are NewLeaf’s
microbial inoculants, which can make crops stronger, more
resilient, and more tolerant of abiotic stress throughout their
life cycle.
Mr. Bob Trogele, COO and Executive Vice President, AMVAC, said,
“We have worked with NewLeaf for two years now and continue to see
the unique benefits for growers who are increasing yield on soybean
and corn, while also providing a meaningful ROI. NewLeaf’s
technology, coupled with Low Mu Tech’s soybean-based seed
lubricant, will help us extend our BioWake brand
internationally.”
Mr. Brent Smith, President and CEO of NewLeaf Symbiotics, said,
“We are excited to build on our relationship with AMVAC in the
United States and beyond. We anticipate BioWake™, driven by our
PPFM technology, will have great impact on the acre. And we know
that NewLeaf and AMVAC will see great future success together by
leveraging AMVAC’s market access in Central and South America,
Ukraine, and China. We are thrilled with the evolution of our
partnership.”
About American Vanguard
American Vanguard Corporation is a diversified specialty and
agricultural products company that develops, manufactures, and
markets solutions for crop protection and nutrition, turf and
ornamentals management, commercial and consumer pest control. Over
the past 20 years, through product and business acquisitions, the
Company has expanded its operations into 19 countries and now has
over 1,000 product registrations in 56 nations worldwide. Its
strategy rests on three growth initiatives – i) Core Business
(through innovation of conventional products), ii) Green Solutions
(with over 130 biorational products – including fertilizers,
microbials, nutritionals and non-conventional products) and iii)
Precision Agriculture innovation (including SIMPAS prescriptive
application and Ultimus measure/record/verify technologies).
American Vanguard is included in the Russell 2000® and Russell
3000® Indexes. To learn more about American Vanguard, please
reference the Company’s web site at www.american-vanguard.com/
The Company, from time to time, 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 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. All forward-looking statements,
if any, in this release represent the Company’s judgment as of the
date of this release. For additional information on products and
services visit www.AMVAC.com.
©2023 All rights reserved. AMVAC Chemical Corporation is a
wholly owned subsidiary of American Vanguard Corporation. American
Vanguard, AMVAC, BioWake, GreenSolutions, and respective logos are
trademarks owned by AMVAC Chemical Corporation.
About NewLeaf Symbiotics
NewLeaf Symbiotics is an agricultural biotech leader that is
focused on the discovery, development, production and
commercialization of products containing beneficial plant microbes.
The pioneer and global leader of pink-pigmented facultative
methylotrophs (PPFMs), its technology outcomes include increased
yield potential and sustainability indicators. Headquartered in the
Ag Innovation capital of St. Louis, NewLeaf has filed more than 200
patents and patent applications and introduced its first
biostimulant products in the United States for corn and soy. For
more information, visit www.newleafsym.com
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version on businesswire.com: https://www.businesswire.com/news/home/20231107390775/en/
FOR MORE INFORMATION, CONTACT:
William Kuser Director of Investor Relations American Vanguard
Corporation williamk@amvac.com
David Flack Vice President Business Development NewLeaf
Symbiotics dflack@newleafsym.com
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