{"id":21005,"date":"2017-09-18T14:45:35","date_gmt":"2017-09-18T19:45:35","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=21005"},"modified":"2017-09-19T12:55:52","modified_gmt":"2017-09-19T17:55:52","slug":"ma-agrochemical-industry","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/ma-agrochemical-industry\/","title":{"rendered":"M&#038;A in the Agrochemical Industry"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/09\/MA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21034\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/09\/MA.jpg\" alt=\"\" width=\"668\" height=\"390\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/09\/MA.jpg 668w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2017\/09\/MA-300x175.jpg 300w\" sizes=\"auto, (max-width: 668px) 100vw, 668px\" \/><\/a><\/p>\n<p>American Vanguard Corporation has announced the acquisition of Grupo Agricenter, dedicated to the production and commercialization of crop protection products in Central America.<\/p>\n<p>American Vanguard Corporation (NYSE:AVD) announced today that its wholly owned subsidiary AMVAC Netherlands BV, will acquire Grupo Agricenter to reinforce its commercial, technical and development structure in the Latin-American region. AMVAC has been a key player in the Latin American agricultural sector for more than a decade and has become a leader in the nematicides segment for\u00a0<a class=\"hlink\" title=\"crops\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22crops%22\">crop<\/a>s such as banana and pineapple. The acquisition of Grupo Agricenter, a well-established distributor of multiple crop protection products in seven Central American and Caribbean countries, will considerably expand AMVAC\u2019s product and service offerings in the region.<\/p>\n<p>See also &#8220;<a href=\"http:\/\/centralamericadata.com\/en\/article\/home\/Agroqumicos_Un_negocio_creciente_en_Centroamrica\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Agrochemicals: A growing business in Central America<\/u><\/a>&#8221;<\/p>\n<p>Eric Wintemute, Chairman &amp; CEO of American Vanguard Corporation, parent company of AMVAC Netherlands BV commented, \u201cWe are pleased to be strengthening our Latin American presence through the acquisition of Grupo Agricenter. The breadth of their portfolio, commitment to customer service and in-depth experience in multiple markets complement our own business approach. This acquisition will not only advance AMVAC\u2019s international expansion but will also enhance our successful track record of providing important solutions to farmers throughout the region. This newly acquired platform has enjoyed annual sales of $50+ million in the recent past, and we expect to build upon that foundation going forward.\u201d<\/p>\n<p>Luis Carlos Chacon, Principal and Founder of Grupo Agricenter, stated, \u201cIn 2001, I made the decision to bring to Costa Rica a business concept focusing on integrated solutions for the Agro industry. Through the years, this approach has been consolidated at regional levels in multiple countries thanks to suppliers and customers who believed in us. Our philosophy of customer service, social responsibility, innovation and environmental awareness has found\u00a0<a class=\"hlink\" title=\"fertilizer\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22fertilizer%22\">fertile<\/a>\u00a0soil in AMVAC, a company that shares these values with us.\u201d<br \/>\nGerardo Su\u00e1rez, General Manager, AMVAC LATAM<em>\u00a0<\/em>commented,<em>\u00a0<\/em>\u201cWe have found in Grupo Agricenter an enterprise with significant market presence in terms of products, suppliers, crop sectors served, and human capital. We are very confident that this company\u2019s skillset will continue to benefit current and future suppliers and customers and will facilitate AMVAC\u2019s ability to expand our participation in the dynamic and competitive LATAM market.\u201d<\/p>\n<p>Both parties have announced October 2, 2017 as the official closing date for this transaction. The terms of the acquisition were not disclosed.<\/p>\n<p><strong>About Grupo Agricenter:<\/strong><br \/>\nGrupo Agricenter is a leader in agricultural solutions with presence in seven countries in the\u00a0<a class=\"hlink\" title=\"Central America\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Central+America%22\">Central America<\/a>n and Caribbean regions. It is the first company certified as carbon neutral in its category of business, possesses a proactive and dynamic team, a successful commercial platform, and a well consolidated program of Corporate Social Responsibility.<br \/>\nIn addition, Grupo Agricenter has developed its own line of products, including Greenplants, and maintains relationships with key partners such as Adama, BASF, Decco, FMC, Rotam and Syngenta, among others. Its business model is based on three fundamental pillars: research and development (LIFE), a committed professional team, and a commercial platform that includes personalized attention and high quality products.<\/p>\n<p><strong>About American Vanguard<\/strong><br \/>\n<a class=\"hlink\" title=\"American Vanguard Corporation\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22American+Vanguard+Corporation%22\">American Vanguard Corporation<\/a>\u00a0is 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\u00ae and Russell 3000\u00ae Indexes and the Standard &amp; Poor\u2019s Small Cap 600 Index. To learn more about American Vanguard, please reference the Company\u2019s web site at\u00a0<a href=\"http:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.american-vanguard.com&amp;esheet=51682098&amp;newsitemid=20170912005699&amp;lan=en-US&amp;anchor=www.american-vanguard.com&amp;index=1&amp;md5=fd2b54d8aa4b7ef16464b4dd8cb5441f\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.american-vanguard.com<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"description\">Source: CentralAmeircaData.com<\/p>\n<p class=\"description\">\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f16536-o1\" lang=\"\" dir=\"ltr\" data-wpcf7-id=\"16536\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/21005#wpcf7-f16536-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset 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crop<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-21005","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>M&amp;A in 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