WILMINGTON, Del., Feb. 20, 2019 â€“ Corteva Agriscienceâ„˘, Agriculture Division of DowDuPont (NYSE: DWDP), today announced that it has acquired the ClearfieldÂ® Canola Production System (â€śClearfieldÂ® canolaâ€ť) in Canada and the United States from BASF. ClearfieldÂ® canola is a globally-recognized 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, AresÂ®.
â€śThis bolt-on acquisition strengthens Corteva Agriscienceâ€™s already established position in ClearfieldÂ® canola seeds and traits and positions us well to deliver a holistic trait and herbicide solution to growers â€“ a strong proof point of our ongoing commitment to expanding grower choice and delivering a complete solution for farmers,â€ť said Rajan Gajaria, Executive Vice President Business Platforms for Corteva Agriscience. â€śThis 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.â€ť
The acquisition enables Corteva Agriscience, which previously licensed the ClearfieldÂ® canola trait in both the PioneerÂ® and Brevantâ„˘ seeds (previously Nexeraâ„˘) brands, to expand its position to include out-licensing of the ClearfieldÂ® canola trait to other seed companies in Canada and the United States. In addition, acquiring the imazamox/imazapyr herbicides under the brand name AresÂ® and the imazamox herbicides under the TensileÂ® brand in Canada, provides Corteva Agriscience with the full canola system to offer to its customers and potential licensee partners in these important markets.
The financial terms of the agreement were not disclosed.
About Corteva Agriscienceâ„˘, Agriculture Division of DowDuPont Corteva Agriscienceâ„˘, Agriculture Division of DowDuPont (NYSE: DWDP), is intended to become an independent, publicly traded company when the previously announced spinoff is complete by June 2019. The division combines the strengths of DuPont Pioneer, DuPont Crop Protection and Dow AgroSciences. CortevaÂ Agriscience provides growers around the world with the most complete portfolio in the industry â€” including some of the most recognized brands in agriculture: PioneerÂ®, EncircaÂ®, the newly launched Brevantâ„˘Â seeds, as well as award-winning Crop Protection products â€” while bringing new products to market through our solid pipeline of active chemistry and technologies. More information can be found at www.corteva.com.
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Â® TM SM Trademarks and service marks of Dow AgroSciences, DuPont or Pioneer, and their affiliated companies or their respective owners.
Clearfield is a registered trademark of BASF and is used under license.
Gregg M. Schmidt