Business Services Industry
American Vanguard's Amvac subsidiary completes purchase of Vapam business
Business Wire, Jan 6, 1997
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 6, 1997--American Vanguard Corporation (Nasdaq National Market: AMGD) today announced that through its subsidiary Amvac Chemical Corporation, it has completed the acquisition of the rights, title and interest to Vapam(R) (Metam Sodium), a soil fumigant, from Zeneca Inc.
The official closing date was December 31, 1996. The purchase includes all inventories of Vapam(R), ownership of the Environmental Protection Agency product registrations and toxicological data, and trademarks.
Amvac has manufactured Metam Sodium at its Los Angeles facility since 1988 and sales of Metam Sodium represented approximately 18% and 21% of the Company's consolidated net sales in 1995 and 1994, respectively.
Eric Wintemute, President and Chief Executive Officer of American Vanguard, commented, "We expect this acquisition to have a significant favorable impact on revenues in 1997. Based on our knowledge of the market today, the Company expects to achieve an approximate 30% increase in net sales in 1997 directly related to the acquisition of Vapam(R)."
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking information are estimates by the Company's management and aime in the Company's SEC reports and filings. Fommercial uses; GemChem, I nc., a national chemical distributor; Amvac Chemical UK Ltd., the Company's Surrey, England-based office; and Environmental Mediation, Inc., aTACT: American Vanguard Corporatio n, Newport Bea00 or 800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820e page.
mputer Writers
ADVISORY...for Wednesday (Jan. 8)
--(BUSINESS WIRE)--
WHAT: Intel's first microprocessor with MMX(TM) Technology and
new software designed to take advantage of the new
multimedia and communications capabilities will be
introduced on Wednesday, January 8, 1997.
The program, hosted by Craig Barrett, chief operating
officer, and Mike Aymar, vice president, Desktop Products
Group, begins at 10 a.m. A demo showcase displaying
software designed for MMX technology and a variety of PCs
and notebooks configured with Pentium(R) Processors with MMX
Technology will be available for hands-on experience.
Executives from Intel and software vendors will be available
during the showcase reception.
You are invited to "See It! Hear It! Experience It!"
yourselves.
WHEN: Wednesday, January 8, 1997
9:30 a.m. - On-site registration
10 a.m. - Program
10:45 a.m. - Demo showcase
WHERE: Spectrum
511 Harrison St.
(at First St., four blocks from Moscone Convention Center)
San Francisco
Free valet parking available.
REGISTER: Press and analysts may register to attend the
event by contacting Jill Fennewald, Intel, at
jill_fennewald@ccm.sc.intel.com or 408-765-4234.
Please provide your name, publication, phone, fax
and email address.
CONTACT: Intel
Joanne Hasegawa, 408/765-7525
email: joanne_hasegawa@ccm.hf.intel.com
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