December 20, 2013
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American Vanguard Corp. (NYSE: AVD) in Newport Beach has agreed to buy product lines and inventory from Willowood USA LLC in Broomfield, Colo., subject to court approval as part of the seller’s bankruptcy and set to close, if approved, in mid-April.
An American Vanguard Corp. subsidiary acquired the Bromacil herbicide business of Bayer Crop Science in the U.S. and Canada. It bought the rights outside of these markets from DuPont Crop Protection in 2015.
Shares of American Vanguard Corp. rose about 16% over the last two trading sessions to more than $20 apiece and a $613 million market cap after the company’s second-quarter profits exceeded Wall Street forecasts.
American Vanguard Corp., a Newport Beach-based maker of agricultural chemicals, has through its Netherlands-based international subsidiary, acquired the assets of an herbicide business from E. I. du Pont de Nemours and Co.
Newport Beach-based agriculture chemicals maker American Vanguard Corp. projected weaker fourth-quarter revenue, citing increased inventory levels held by its customers.