AMVAC is a California corporation that traces its history from 1945 and is
a specialty chemical manufacturer that develops and markets products for agricultural,
commercial and consumer uses. It manufactures and formulates chemicals for crops,
turf and ornamental plants, and human and animal health protection. These chemicals,
which include insecticides, fungicides, herbicides, molluscicides, growth regulators,
and soil fumigants, are marketed in liquid, powder, and granular forms. In prior
years, AMVAC considered itself a distributor-formulator, but now AMVAC primarily
synthesizes, formulates, and distributes its own proprietary products or custom
manufactures or formulates for others. In addition, the Company has carved out
a leadership position in closed delivery systems, currently offers certain of
its own products in SmartBox, Lock ‘n Load and EZ Load systems, and is
developing a precision application technology known as SIMPAS which will permit
the delivery of multiple products (from AMVAC and other companies) at variable
rates in a single pass. AMVAC has historically expanded its business through
both the acquisition of established chemistries (which it has revived in the
marketplace) and the development and commercialization of new compounds through
licensing arrangements.
On October 26, 2015, AMVAC entered into a license and supply agreement with
Badische Anilin-und Soda Fabrik (“BASF”) under which BASF sold and
AMVAC acquired certain assets relating to the imazaquin product line. Imazaquin
is an herbicide that is used on soybeans and for certain non-crop applications.
On April 29, 2015 the registrant’s international subsidiary, AMVAC CV,
completed the acquisition of certain assets related to the bromacil herbicide
product line from DuPont Crop Protection. The assets acquired included the Hyvar®
and Krovar® trademarks, product registrations, product registration data,
customer lists, certain know-how, technical registrations and associated registration
data in all markets outside of North America. Bromacil is a broad spectrum residual
herbicide used on crops such as pineapples, citrus, agave and asparagus, and
is marketed globally under either the Hyvar® or Krovar® brands
On April 6, 2015 the registrant’s international subsidiary, AMVAC CV,
completed the acquisition of certain assets related to the Nemacur® insecticide/nematicide
product line from Adama Agricultural Solutions Ltd (“Adama”). The
assets acquired include trademarks, product registrations, associated registration
data, and customer information that relate to the marketing and sale of this
crop protection product in Europe. Nemacur® is used to control soil insects
and nematodes on many fruit and vegetable crops.
AMVAC is a California corporation that was incorporated under the name of Durham
Chemical in August 1945. The name of the corporation was subsequently changed
to AMVAC in January 1973. As the Company’s main operating subsidiary,
AMVAC owns and/or operates the Company’s domestic manufacturing facilities
and is also the parent company (owns 99%) of AMVAC CV. AMVAC manufactures, formulates,
packages and sells its products in the USA and is a wholly owned subsidiary
of AVD.
GemChem is a California corporation that was incorporated in 1991 and was subsequently
purchased by the Company in 1994. GemChem sells into the pharmaceutical, cosmetic
and nutritional markets, in addition to purchasing key raw materials for the
Company. GemChem is a wholly owned subsidiary of AVD.
DAVIE owns real estate for corporate use only. See also Part I, Item 2 of this
Annual Report. DAVIE is a wholly owned subsidiary of AVD.
In July 2012, the Company formed AMVAC CV, which is incorporated in the Netherlands,
for the purpose of managing foreign sales on behalf of the Company. AMVAC CV
is owned jointly by AMVAC as the general partner, and AVD International, LLC
(also formed in July 2012 as a wholly owned subsidiary of AMVAC), as the limited
partner, and is therefore a wholly owned subsidiary of AMVAC.
AMVAC BV is a registered Dutch private limited liability company that was formed
in July 2012. AMVAC BV is located in the Netherlands and is wholly owned by
AMVAC CV. During 2016, the international business sold the Company’s products
in 59 countries, as compared to 54 countries in 2015.
AMVAC CR Srl is a wholly owned subsidiary of AMVAC BV that was formed in 2008
to conduct the Company’s business in Costa Rica and other countries in
Central America.
AMVAC M Srl is a wholly owned subsidiary of AMVAC BV and was formed in 1998
(originally formed as AMVAC M and changed to AMVAC Mexico Srl in 2013) to conduct
the Company’s business in Mexico.
AMVAC Sgpr is a wholly owned subsidiary of AMVAC BV and was opened on April
12, 2016. This new entity was formed to conduct the Company’s business
in the Asia Pacific and China region.