American Vanguard Corporation Acquires Assets of American Bio-Systems
Summary
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--AMGUARD™ Environmental Technologies (“AMGUARD”), the specialty markets division of AMVAC Chemical Corporation, a wholly owned subsidiary of American Vanguard Corporation (NYSE:AVD), announced today the acquisition of the product and trademark assets of American Bio-Systems, founded in 1996 as a manufacturer of proprietary-formula microbial cleaning products BioMop-Plus® and DrainGel®. These formulations directly address the foodservice industry’s desire for labor-saving solutions, including the improvement of sanitation practices that currently use standard soap-based and chemical cleaning products that can only ‘break up’ food waste and grease build-up, not remove it. Only microorganisms can degrade and ‘digest’ – that is, eliminate – this organic material.” Morgan Timberlake, co-founder of American Bio-Systems, said: “I’m extremely gratified BioMop-Plus and DrainGel will now be included in AMGUARD’s biological products lineup going forward. AMGUARD’s dedication to providing quality products with excellent customer service to the pest management industry are the same guiding principles co-founder Joe Clark and I established when we founded American Bio-Systems in 1996.” Wetherall provided concluding comments: “Because drain flies are prolific in food-service environments and are vectors of Listeriosis, a serious infection usually caused by eating food contaminated with the bacterium Listeria monocytogenes, the product profiles of BioMop-Plus and DrainGel are a direct fit with the broader pest control industry’s commitment to being protectors of public health. 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.