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Announced

American Vanguard to acquire four herbicide brands from Corteva.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Majority

United States

agricultural chemicals

Pending

Specialty Chemicals

Acquisition

Single Bidder

Synopsis

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American Vanguard, a diversified specialty and agricultural products company that develops and markets products for crop protection and management, agreed to acquire four herbicide brands from Corteva, an agricultural chemical and seed company. Financial terms were not disclosed. The brands involved are Classic®, First Rate®, Hornet® and Python®. This transaction includes acquisition of end-use registrations, commercial sales and marketing information and finished goods inventory. “Acquisition of these four brands from Corteva Agriscience provides our crop protection business with a strengthened portfolio of valuable herbicides that play an important role in weed control and resistance management. These brands broaden our U.S. herbicide offering in soybeans, corn, peanuts and a number of other niche crop markets,” Eric Wintemute, American Vanguard Chairman and CEO.

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