American Vanguard Corporation subsidiary AMVAC LATAM has acquired Punto Verde, a well-established distributor in Guayaquil, Ecuador, to strengthen its presence in Latin American.

AMVAC LATAM is a key player in the Latin American agricultural sector and has become a leader in the commercialization of crop protection products and Peter Eilers, Managing Director of American Vanguard’s international operations, says Ecuador is the seventh largest agricultural market in LATAM. “While not a sizable transaction (this will add about five percent to our total LATAM sales), we see this as an important path for market access in South America through a well-managed distribution business,” said Eilers.

Gerardo Suárez, general manager of AMVAC LATAM, added that the acquisition “provides an important addition to our expanding GreenSolutions business, as we anticipate development of our portfolio of AMGREEN bio-rational solutions through Punto Verde. This deal reinforces our commitment toward leaving a better world for future generations.”

Terms of the acquisition were not disclosed.