American Vanguard Expands Latin American Presence by Acquiring Punto Verde in Ecuador
Summary
AMVAC LATAM is a key player in the Latin American agricultural sector and has become a leader in the commercialization of crop protection products. Peter Eilers, Managing Director of American Vanguard’s international operations, commented: "We are pleased to have completed the acquisition of Punto Verde in Ecuador, which is the seventh largest agricultural market in LATAM. While not a sizable transaction (this will add about five percent to our total LATAM sales), we see this as an important path for market access in South America through a well-managed distribution business.” Gerardo Suárez, general manager of AMVAC LATAM, commented: "Punto Verde is an excellent fit for AMVAC in their commitment to a high level of ethics, quality, service and professionalism. American Vanguard Corporation is a diversified specialty and agricultural products company that develops, manufactures, and markets solutions for crop protection and nutrition, turf and ornamentals management, commercial and consumer pest control. Its business model is based on three fundamental pillars: research and development, a committed professional team and a commercial platform that includes personalized attention and high-quality products.