NEWS
FROM:
Location:Switzerland+
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Avenue
New York,
NY 10017-6706
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American Vanguard Establishes AMVAC Switzerland
GmbH
New Subsidiary Focused on Growing International Businesses
NEW YORK, May 23 - American Vanguard Corporation (NYSE:
AVD) has expanded its international operations by forming a new subsidiary,
AMVAC Switzerland GmbH, to focus activities on growth opportunities outside the
United States, reports Mario Brossi of the Swiss Foreign Investment Agency,
Location: Switzerland. Vincent Pascarelli serves as Director of
International Business Development and Managing Director at AMVAC's facilities
in Basel, Mr. Brossi said.
Eric G.
Wintemute, president and CEO of Newport, CA-based American Vanguard Corporation
said, "The broad goal of AMVAC Switzerland is to grow our international
business primarily through acquisitions, licenses and other collaborations with
enterprises directly and indirectly affiliated with the agrochemical
industry. Having a physical presence centrally located in Europe
facilitates expanding our relationships with industry leaders such as Syngenta,
Bayer and BASF, as well as with smaller regional and local industry
leaders," he said.
"Switzerland
gives us easy access to primary and secondary potential partners," Mr.
Wintemute said. "We utilized a logical process to seek a location, and
Switzerland was the clear choice. More specifically, some advantages include a
favorable tax regime, a business-friendly environment, a multi-lingual community
and quality of life." www.americanvanguard.com
AMVAC
Contact: Lauren Till LTill@equityny.com
212 836-9610
Location
Switzerland: John Williamson johnhwilliamson@earthlink.net
908 730-9622