OHP, Inc. being acquired by AMVAC Chemical Corporation
September 25, 2017, Bluffton, SC.— OHP, Inc. announced today that it is selling substantially all of its assets to AMVAC Chemical Corporation, Newport Beach, CA. The closing is anticipated to occur in early October.
OHP is a leading supplier of chemical and biological pesticide solutions specifically packaged and labelled for the for the greenhouse and nursery production markets and sold through a network of leading distribution partners throughout the United States and Puerto Rico. OHP was founded in 1988 by Ronald Soldo and has dedicated itself to fulfilling the pest control needs of the production ornamental market. In its 30-year history, OHP has grown to hold a leading position in the greenhouse and nursery pest control market. “After so many years of involvement in this industry, I am confident that AMVAC represents an ideal owner to foster and grow the OHP business well into the future” says Ron Soldo, CEO of OHP, Inc.
OHP will continue to operate as it has in the past and there will be no changes to staff, products, customers or operations. AMVAC will operate the business as a wholly owned subsidiary under the name of OHP, Inc. Dan Stahl will continue on as General Manager reporting directly to Bob Trogele, AMVAC COO.
“We are very pleased to now be a part of AMVAC,” says Dan Stahl, GM of OHP. “The cultural fit, resources and business development approach of AMVAC will create tremendous opportunities for growth. I am truly excited to be a part of the AMVAC leadership team and look forward to continuing the future growth of the OHP business,” adds Stahl.
“We are extremely excited to have OHP be a part of AMVAC,” says AMVAC COO Bob Trogele. “The reputation and quality of the entire OHP team is remarkable. The entrepreneurial culture, business model and strategy are very similar to the way we operate at AMVAC so it is a great fit. They will continue to operate as they always have in providing a broad range of value-added products and service to commercial greenhouses and nurseries. The leading position OHP has built will be a great complement to our growing turf, ornamental and pest control business,” adds Trogele.
About American Vanguard American
Vanguard Corporation is a diversified speciality 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® and Russell 3000® Indexes and the Standard & Poor’s Small Cap 600 Index. To learn more about American Vanguard, please reference the Company’s website at american-vanguard.com.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.