Secret Site Map
Saturday, October 25, 2014

Home News Amvac Announces Joint Venture with TyraTech

Amvac Announces Joint Venture with TyraTech

Supplier News

The joint venture will develop and commercialize pesticide products featuring TyraTech’s Nature’s Technology, which harnesses the synergy of natural ingredients for its products.

| December 13, 2012

NEWPORT BEACH, Calif. — American Vanguard Corporation announced that its wholly-owned subsidiary, AMVAC, has formed a new joint venture with natural life science company, TyraTech.  The joint venture will develop and commercialize pesticide products featuring TyraTech’s Nature’s Technology, which harnesses the synergy of natural ingredients for its products.

The joint venture will commercialize these pesticide products and technologies in the global consumer household and lawn and garden retail markets. Additionally, it will develop and commercialize products and technologies in global commercial, institutional, professional, crop protection and seed treatment markets. Using TyraTech’s Extend Technology, the joint venture will also develop new combinations with synthetic compounds to both improve efficacy and environmental impact on a range of crops, which will give AMVAC access to range of new global market opportunities.

Under the terms of this agreement, TyraTech will retain all rights to use its technology in the Human and Animal Health markets together with certain other consumer markets.  As part of this collaboration, AMVAC will have access to TyraTech’s patented screening platform that is utilized to identify synergistic combinations of natural compounds that display efficacy in controlling insect and parasitic infestation.

The venture will be jointly owned by AMVAC and TyraTech, with AMVAC owning majority interest. The new company will be led by TyraTech’s current Vice President of Commercial Operations, Shayne M. Wetherall, who will serve as CEO  of the venture. The new company will be headquartered in the Research Triangle Park area of North Carolina, giving it direct access to TyraTech’s R&D, production, and supply chain teams.

Eric Wintemute, chairman and CEO of American Vanguard said, “This joint venture collaboration represents an exciting growth opportunity for AMVAC. This important addition of technologies, products, and capabilities complements AMVAC’s existing product offering in crop and non-crop sectors.  We are excited to work with TyraTech, a company known for its lengthy commitment to R&D which has resulted in several state-of-the-art natural product lines.” 

Alan Reade, executive chairman of TyraTech said, “TyraTech is very excited about the opportunity to partner with AMVAC in this venture, as we believe it will allow both the successful commercialization of current products in addition to developing new opportunities in areas such as Lawn and Garden and Seed Treatment.”

Wintemute added, “The opportunity to utilize TyraTech’s R&D strength and proprietary screening capabilities to explore and develop new active ingredients and formulations will greatly enhance AMVAC’s ability to explore new product opportunities, expedite the development process, and commercialize new pesticides.”
 

 

Top news

ScottsMiracle-Gro Signs Definitive Agreement to Acquire Action Pest Control

The Scotts Miracle-Gro Company announced that its subsidiary EG Systems, Inc., doing business as Scotts LawnService, has signed a definitive agreement to acquire the assets of Action Pest Control, Evansville Ind., which ranked 56th on the 2014 PCT Top 100 list, with annual revenues of $11.6 million. The transaction, which is expected to close by January 2015, would mark Scotts’ first acquisition of a structural pest control business.

NPMA Pinnacle Award Presented to Tom Fortson

Fortson, longtime president of Terminix Service, Columbia, S.C., was announced as recipient of the NPMA Pinnacle Award, NPMA’s highest honor.

NPMA Looks to the Future During PestWorld Opening Ceremony

More than 3,000 industry professionals from 80-plus countries have traveled to Orlando, Fla., for PestWorld ’14. The Opening Ceremony, sponsored by Bayer, featured musical act Rhythm Extreme.

Convention Q&A: Billy Tesh

PCT Editor Jodi Dorsch sat down with the NPMA president to learn more about the association's new initiatives, rapid changes that are occuring and the future of NPMA — including its search for a new EVP.

Slideshow: PestWorld 2014

Photos taken by the PCT staff from the first few days of NPMA PestWorld 2014

x