Miami, FL, April 25th, Today – AMVAC Costa Rica S.R.L, an American Vanguard® Company, and ExcelAg Corp USA® of Miami, Florida, are pleased to announce a new distribution agreement to bring new and existing biorational solutions to Central America and the Dominican Republic beginning in 2023.
This agreement will harness the complimentary marketing, logistics and technical strengths of each partner to expand the distribution of a vast group of biorational products utilizing the combined technical resources of both companies.
The partnership will also expand and accelerate AMVAC’s growing Amgreen biorational portfolio and facilitate ExcelAg Corp USA’s broader of market penetration in the Central American region and in the Dominican Republic.
AMVAC leverages its deep market access, its strong sales teams in these markets, and its growing portfolio of Amgreen products. In the Latam region, AMVAC’s Amgreen solutions recently passed 15% of total revenues, a milestone for the region and the company.
ExcelAg Corp USA brings to the partnership its vast proprietary biorational portfolio, continued research and development capability, and its current product offering including a bread range of plant protection solutions for varied crops across the region, which play an important role in meeting crop quality and harvest requirements while ensuring adherence to the continually strict export market needs, reducing synthetic chemical footprint and avoiding residues.
“AMVAC and ExcelAg Corp USA share a common goal to reduce the chemical footprint in agriculture through the use of innovative, environmentally friendly products, that are proven to deliver strong results and can salve our grower’s most relevant challenges, We are very excited about all the synergies this agreement can bring to both companies” says Gerardo Suarez, Director of Amvac Latam.
Jorge Cepeda Sr, Founder & CEO of ExcelAg Corp, said, “We’re delighted to establish this long term partnership with AMVAC, which aims to strengthen both companies’ offerings in the vast agricultura[ sector and amplify the footprint across the region and in new potential markets, leading the way with sustainable, high quality solutions” .
ABOUT EXCELAG CORP USA
ExcelAg Corp USA® is an agricultura! company primarily focused in the discovery, research and development, and manufacturing of unique and innovative molecules for plant nutrition and protection, for both conventional and organic production. The company also creates technologies for use in the Turf & Ornamental, Home & Garden, Public Health and Animal Health sectors. ExcelAg’s products are manufactured exclusively in the USA and are positioned across 26 countries today.
ABOUT AMVAC
AMVAC® is a subsidiary of American Vanguard® Corporation. American Vanguard Corporation is a diversified specialty and agricultura! products company that develops and markets products for crop protection management, turf and ornamentals management, and public safety and animal health applications. American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and the Standard & Poors® Small Cap 600 lndex.
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 risk as detailed from time to time in the Company’s SEC reports and filings. AII forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.
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