February 20, 2019 By Top Crop Manager
Corteva Agriscience has acquired the Clearfield canola production system in Canada and the United States from BASF as of Feb. 20, 2019.
Clearfield canola is a non-genetically modified herbicide tolerance system, consisting of a herbicide tolerance trait and imidazolinone (IMI) herbicides sold today in Canada primarily under the brand, Ares.
Corteva Agriscience previously licensed the Clearfield canola trait in both the Pioneer and Brevant seeds brands. The acquisition enables Corteva Agriscience, now owner, to expand its position to include out-licensing of the Clearfield canola trait to other seed companies in Canada and the United States.
In addition, the purchase of the IMI herbicides gives the company more control over the entire Clearfield canola brand. The company acquired the imazamox/imazapyr herbicides under the brand name Ares and the imazamox herbicides under the Tensile brand in Canada. Corteva can offer the herbicides to their customers as well as potential licensee partners in other markets.
The financial terms of the agreement were not disclosed.