American Vanguard Completes Significant Product Acquisitions

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–American Vanguard Corporation (NYSE:AVD), today announced that its
wholly owned subsidiary AMVAC Chemical Corporation has completed the
acquisition of three crop protection product lines – abamectin,
chlorothalonil and paraquat – from Adama Agricultural Solutions Ltd.,
which is part of the China National Chemical Corporation (“ChemChina”)
group. As reported on April 5, 2017, these product lines were sold
pursuant to the terms of a consent decree from the FTC, as a condition
for that agency’s approval of the ChemChina/Syngenta merger. The
acquisition includes the trademarks, product registrations, registration
data, and commercial information that relate to the marketing and sale
of these three product lines in the crop protection market within the
United States. Financial details of the transaction were not disclosed.

Eric Wintemute, Chairman & CEO of American Vanguard commented: “Adding
these proven, branded product lines will diversify and balance our crop
and geographical segments, while adding sales opportunities for our
channel partners and continued growth for our business. In addition, the
technical registrations we are acquiring will provide us with a
foundation of technologies upon which we can build additional premix
value-added products. AMVAC will immediately begin the transition of
manufacturing, selling and servicing these products.”

Mr. Wintemute concluded: “We expect that these products will increase
full year domestic sales by 10 to 15%. Further, we believe that our
sales, marketing and product development capabilities will enable us to
maintain all existing business and subsequently expand our sales of
these product lines in the years ahead.”

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 Standard & Poor’s Small Cap 600
Index. To learn more about American Vanguard, please reference the
Company’s web site 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.

Contacts

Company:
American Vanguard Corporation
William A.
Kuser, 949-260-1200
Director of Investor Relations
[email protected]
or
Investor
Representative:
The Equity Group Inc.
Lena Cati,
212-836-9611
[email protected]
www.theequitygroup.com