American Vanguard Corporation (“AVD”; NYSE: AVD) announced today that AMVAC® Environmental Products (“AEP”) – a leading provider of proven chemistries and low-impact solutions to the professional pest, public health, golf, lawn care, and ornamental markets – is rebranding its businesses and will operate under the new brand name AMGUARD™ Environmental Technologies.
The name change reflects AMGUARD’s strategic commitment to providing a compelling portfolio of technology and innovative solutions to the markets it serves.
In addition to its recently announced strategic integration with OHP, the shift of AEP to its new AMGUARD identity is part of the company’s long-term strategy to grow and re-define its position in non-crop and highly technical markets through portfolio expansion, innovation, licensing, and strategic acquisitions. From its headquarters in Research Triangle Park, N.C., AMGUARD and its family of professional and specialty brands will leverage expanded supply chain, operations, and financial management capabilities across the business to support its growth and portfolio initiatives.
Brand Reflects Heritage, Commitment to Technology as Defense Against Pests
The AMGUARD name – a derivative of “American Vanguard” – ties directly to corporate parent AVD and its 50-plus-year history of global excellence as a diversified specialty and agricultural products company focusing on crop protection, turf and ornamental markets, and public health applications.
Additionally, emphasis on the word “GUARD” reinforces the company’s mission to help professionals protect and defend against unwanted pests, weeds, diseases, and deadly public health vectors. Further, use of the phrase “Environmental Technologies” underscores the company’s commitment to being a leading provider of technology and innovation and to addressing the growing demand for low-impact professional solutions.
Eric Wintemute, Chairman and CEO of American Vanguard, commented, “The great opportunities that AMGUARD Environmental Technologies presents in bringing proven chemistries and low-impact professional solutions for non-crop and highly technical markets expand American Vanguard’s position as a continuing and long-term leader in technology, innovation, and sustainability.”
AMGUARD will continue to leverage R&D and innovation centers within the AVD family, with strong pipelines from other American Vanguard companies which include Envance Technologies®, an emerging leader in the development of safe and effective insect pest and weed control solutions that leverage its receptor-targeting technology and novel formulations to deliver superior performance and safety profiles; TyraTech™, a life sciences R&D company with proprietary screening platforms that focus on the discovery and development of nature-derived biochemical insect and parasite control technologies; and Agrinos®, whose biological technology platform works in conjunction with other nutritional inputs to improve soil health, reduce abiotic stress of plants, and reduce the environmental footprint of traditional fertility practices.
AMGUARD also will collaborate with companies and universities around the world to discover and develop new technology solutions.
Said Shayne M. Wetherall, CEO of AMGUARD Environmental Technologies: “Our company’s new identity perfectly suits our strategic direction and vision, which is to be the fastest growing provider of technology and innovation in our markets. Across our AMGUARD family of professional and specialty brands, we have never been more excited about what the future holds both for our proven chemistries as well as for new technology and innovation that bring highly effective solutions with minimal impact on the environment.”
AMGUARD Environmental Technologies
Shayne M. Wetherall, CEO
American Vanguard Communications
Jim Sulecki, Lead and Founder, 40 Seasons Media
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® and Russell 3000® Indexes and the S&P SmallCap 600® Index. To learn more about American Vanguard, please reference the Company’s website 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 from time-to-time 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.