Corteva Agriscience Acquires Clearfield Canola Production System From BASF
Corteva Agriscience, Agriculture Division of DowDuPont, has acquired the Clearfield Canola Production System (Clearfield canola) in Canada and the United States from BASF. Clearfield canola is a non-genetically modified herbicide tolerance (HT) system, consisting of an herbicide tolerance trait and imidazolinone (IMI) herbicides sold today in Canada primarily under the brand name Ares.
The financial terms of the agreement were not disclosed.
“This bolt-on acquisition strengthens Corteva Agriscience’s already established position in Clearfield canola seeds and traits and positions us well to deliver a holistic trait and herbicide solution to growers – a strong proof point of our ongoing commitment to expanding grower choice and delivering a complete solution for farmers,” said Rajan Gajaria, executive vice president of business platforms for Corteva Agriscience, in a company news release. “This transaction supports Corteva Agriscience in supplying genetics for one of the most consumed vegetable oils globally, together with the heart-healthy omega-9 oil segment, which reflects our continued focus on addressing consumer and farmer needs through differentiated offerings.”
Company officials say the acquisition enables Corteva Agriscience, which previously licensed the Clearfield canola trait in both the Pioneer and Brevant seeds (previously Nexera) brands, to expand its position to include outlicensing of the Clearfield canola trait to other seed companies in Canada and the United States. In addition, acquiring the imazamox/imazapyr herbicides under the brand name Ares and the imazamox herbicides under the Tensile brand in Canada, provides Corteva Agriscience with the full canola system to offer its customers and potential licensee partners in these markets, according to company officials.