Newport Beach, California
December 6, 2004
American Vanguard
Corporation (AMEX: AVD), today announced that
AMVAC Chemical
Corporation (AMVAC), a wholly-owned subsidiary of the
Company, entered into an exclusive agreement with
Bayer CropScience LP,
an affiliate of Bayer AG
(NYSE:BAY) to market, sell and distribute Bolster 15G SmartBox®,
a soybean pesticide used to control nematodes, through AMVAC’s
SmartBox system in key Midwest soybean growing states beginning
in the 2005 season.
AMVAC’s SmartBox is a closed
handling system that combines precision insecticide application
with no applicator
exposure. Its 50-lb. returnable containers eliminate the need to
open, pour and dispose of bags, which reduces the risk of skin
contact and inhalation. It features in-cab push-button
insecticide control, monitoring and data record keeping
capabilities. The SmartBox is a low-maintenance system that can
be easily fitted on all major brands of planters.
Aldicarb, the active ingredient in
Bolster, is manufactured and marketed by Bayer CropScience in
over 40 crops
worldwide, while Bolster is registered exclusively for use in
key Midwestern states on soybeans for the control of
nematodes.
Bill Jacobs, the new Regional
Sales Manager for the Mid-West Region of AMVAC, stated, “There
are approximately 70 million acres of soybean in the U.S., a
significant portion of which are challenged by substantial
nematode pressure.
Bolster can be an important tool
for soybean growers, and we believe its availability through
SmartBox will make it even more attractive. SmartBox will enable
soybean farmers to apply Bolster with zero exposure, and the
precise computer controller will permit the treatment of ‘hot
spots’ as opposed to treating whole fields, thus reducing the
cost commitment.”
Chris Kleyla, aldicarb product
manager of Bayer CropScience, added, “We are very pleased that
Bolster will be available in the state-of-the-art SmartBox
system, and believe the two technologies make a perfect fit to
combat a mounting problem. Soybean growers are facing increasing
pressure on yields due to nematodes. The combination of the
premium performance of Bolster with the technology of the
SmartBox system offers growers precision treatment and control
with variable-rate application capability.”
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. The Company’s basic strategy is to acquire brand
name, niche product lines from larger companies that divest
mature products to focus on newly discovered molecules. During
2004, American Vanguard has been recognized as one of
BusinessWeek’s Hot Growth Companies (#93), Fortune Small
Business’ America’s 100 Fastest Growing Small Companies (#26)
and Forbes’ 200 Best Small Companies (#34). American Vanguard is
included on the Russell 2000® and Russell® 3000 Indexes.
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