AMVAC® and NewLeaf Symbiotics® Partner to Bring Organic Solutions to North American Crop Markets
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–American avant-garde® Corporation (NYSE: AVD), through its wholly owned subsidiary AMVAC Chemical Corporation, is pleased to announce a new partnership with NewLeaf Symbiotics® of St. Louis, Missouri, to bring innovative biological solutions to the North American crop market starting in 2023. This collaboration will leverage each partner’s complementary marketing and operational strengths to expand the application of existing products and advance development future products using the combined technical resources of both companies. This partnership will expand and accelerate American Vanguard’s growing GreenSolutions™ biologics portfolio and facilitate NewLeaf Symbiotics’ goal of achieving broader market penetration.
AMVAC will leverage its deep market access, strong sales teams in US agricultural markets, and growing portfolio of GreenSolutions™ biologics. In the United States, AMVAC’s GreenSolutions recently surpassed the 1.2 million acre mark for the application, a milestone for the company in the fast-growing biologics segment. AMVAC previously announced biologics-related partnerships with 3Bar Biologics, BASF and Azotic North America.
NewLeaf Symbiotics brings to the partnership its proprietary microbial library, proven research and development capabilities, and current product offering, including naturally occurring microbes that provide a range of benefits to crops throughout the growing season. Leading this new class of agricultural biologics is Terrasym® microbial inoculants, which can make crops stronger, more resilient and more tolerant to abiotic stress throughout their life cycle.
“GreenSolutions and AMVAC’s precision application technologies are key strategic growth initiatives built on the strong foundation of a highly successful five-decade crop protection chemistry business,” said Bob Trogele, director of Operations and Executive Vice President of AMVAC. “AMVAC continues to innovate using its own in-house research capabilities and partnering with leading biologics companies. With NewLeaf Symbiotics, we look forward to improving access to value-added organic products that benefit North American farmers.
Steve Kahn, CEO of NewLeaf Symbiotics, said, “AMVAC brings the partnership long-standing access to North American markets, which is critical to the growth of the agricultural biologics industry. NewLeaf Symbiotics, as a major player in biologics, wishes to expand its penetration of the North American market through its partnership with AMVAC. In the longer term, we look forward to finding additional synergies between the technologies and product lines of our two companies. »
About NewLeaf Symbiotics
NewLeaf Symbiotics is an agricultural biologics company that discovers, develops, produces and markets products containing beneficial plant microbes. His team has grown to over 35 members, including 12 doctoral scientists. NewLeaf has filed over 150 patents and patent applications and introduced its first biostimulant products in the United States for corn and soybeans, Terrasym 450 and Terrasym 401. www.newleafsym.com
About the American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection, turf and ornamental plant management, and public safety applications. American Vanguard is included in the Russell 2000® and Russell 3000® indices and the Standard & Poors® Small Cap 600 Index. AMVAC® is a subsidiary of American Vanguard® Corporation.
The Company may, from time to time, discuss forward-looking information. These forward-looking statements are estimates of the Company’s management and are subject to various risks and uncertainties that could cause actual results to differ from management’s current expectations. These factors are detailed in the Company’s reports and filings with the SEC. All forward-looking statements represent the judgment of the Company as of the date of this release.
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