Secret Site Map
Friday, December 19, 2014

Home News American Vanguard Invests in TyraTech Natural Products

American Vanguard Invests in TyraTech Natural Products

Supplier News

The investment totals $3.7 million to secure a 29.46 percent ownership of TyraTech, Inc.

| April 9, 2013

NEWPORT BEACH, Calif. - American Vanguard Corporation announced that it has completed an investment in TyraTech to participate in the continued development and marketing of natural products for human and animal health applications. The investment totals $3.7 million to secure a 29.46 percent ownership position in TyraTech.

American Vanguard's equity investment achieves an important strategic objective by expanding its involvement in the development of products derived from natural sources and by participating in the penetration of such technologies in non-agricultural market segments, the company said. TyraTech has developed more than a dozen unique products that show efficacy as mosquito, fly, flea and tick repellents, head lice control treatments and intestinal parasitic control agents. Several of these products are expected are expected to be commercialized by 2013 and 2014.

This investment follows the December 2012 creation of Envance Technologies, between AMVAC-Chemical Corporation (a wholly-owned subsidiary of American Vanguard) and TyraTech, Inc. for the purpose of developing and commercializing best-in-class technologies for the global consumer household and lawn & garden retail markets. Envance Technologies, which is majority owned by AMVAC-Chemical, already has its first commercial product line, Terminix Ultimate Protection, on the shelves of a major U.S. retail home improvement chain. The global addressable market potential for such products is estimated to be between $3.5 and 4.5 billion annually. Envance also expects to develop new combinations of natural and synthetic compounds using TyraTech’s patented Extend Technology.

Eric Wintemute, chairman & CEO of American Vanguard Corporation said, “This investment solidifies our commitment to the development and commercialization of effective human and animal health products derived from natural sources. American Vanguard’s existing non-crop business addresses mosquito and general-purpose commercial pest control with a proven chemical product portfolio. TyraTech’s advanced technology and product formulations deploy natural defenses for individual protection from many threats that can compromise human and animal health. Our ownership stake in TyraTech joins us in a very complementary mission, with a clearly aligned mutual interest in safeguarding both public and personal health.” 
 
Alan Reade, executive chairman of TyraTech, said, “The commitment and support of American Vanguard gives confidence in our strategy and credence to our belief that we are in the right markets with the right products. We are seeing a significant and growing desire for products which are natural, safer and more effective within our markets and we aim to be at the forefront of this transformational shift in demand. We are most grateful for American Vanguard’s support, which provides a solid foundation from which we can build the TyraTech business.”
 

Top news

Podcast: Cleveland Dixon on His 'Biggest Mistake'

Dixon, CEO of Holiday Termite & Pest Control, discusses his experiences using a Web design/SEO firm, and the benefits of him taking on these responsibilities himself.

Malden High Schools Collaborate with Yankee Pest Control in Mural Contest

Students from Walden, Mass., area high schools painted murals on the backside of Yankee Pest Control's building for a competition. Yankee generously paid for all of the paint supplies and tarps, and provided pizza and refreshments to all of the students each time they were on site.

Adrian Steel Offers Ladder Racks for Full Size Pickup Trucks

The Load Runner Ladder Rack features 2-inch durable round tubing and square crossbars, removable center and rear crossbars, and welded tie down cleats to ensure safe transportation of ladders.

Alpha Ecological Participates in Downtown Boulder’s Lights of December Parade

The parade featured floats from various local businesses, churches, and civic centers in the Boulder area.

Paraclipse Adds Sales Rep Gaulton

Kay Gaulton is a North American Sales Representative, covering the western hemisphere, as well as the Caribbean and Central and South America.

x