American Vanguard Expands Latin American Presence By Acquiring Punto Verde In Ecuador
Portfolio Pulse from Benzinga Newsdesk
American Vanguard Corporation (NYSE:AVD) has acquired Punto Verde, a distributor in Ecuador, through its subsidiary AMVAC LATAM. The acquisition is expected to add about five percent to the company's total Latin American sales and strengthen its product portfolio and market access in the region. The deal is part of American Vanguard's expansion of its Green Solutions business and its commitment to sustainable practices.
October 09, 2023 | 1:06 pm
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American Vanguard's acquisition of Punto Verde is expected to strengthen its Latin American presence and contribute to its sales in the region. The deal also aligns with the company's sustainability efforts.
The acquisition of Punto Verde by American Vanguard is expected to strengthen the company's presence in Latin America, a key market for its products. This could potentially lead to increased sales and revenue for the company. Additionally, the deal aligns with the company's commitment to sustainability, which could enhance its reputation and attract environmentally conscious investors.
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