M&A Deal Summary

Corteva Agriscience Acquires BASF SE - Clearfield Canola Production System

On February 20, 2019, Corteva Agriscience acquired agriculture company BASF SE - Clearfield Canola Production System from BASF

Acquisition Highlights
  • This is Corteva Agriscience’s 1st transaction in the Agriculture sector.
  • This is Corteva Agriscience’s 1st transaction in Germany.

M&A Deal Summary

Date 2019-02-20
Target BASF SE - Clearfield Canola Production System
Sector Agriculture
Buyer(s) Corteva Agriscience
Sellers(s) BASF
Deal Type Divestiture

Target

BASF SE - Clearfield Canola Production System

Ludwigshafen, Germany
BASF SE - Clearfield Canola Production System delivers efficient, long-lasting weed control, crop quality, and global market acceptance. From seed to harvest, you’ll have the power to get the most out of every acre. Clearfield canola is a globally-recognized non-genetically modified herbicide tolerance (HT) system, consisting of an herbicide tolerance trait and Imidazolinone (IMI) herbicides.

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Buyer(S) 1

Buyer

Corteva Agriscience

Wilmington, Delaware, United States

Category Company
Sector Agriculture
DESCRIPTION

Corteva Agriscience is an agricultural division of DowDuPont. Corteva Agriscience is based in Wilmington, Delaware.


DEAL STATS #
Overall 1 of 1
Sector: Agriculture M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 Corteva Agriscience - Herbicide Product Line

Wilmington, Delaware, United States

Corteva Agriscience - Herbicide Product Line also includes technical registrations, commercial sales information, and the transfer of existing product supply arrangements.

Sell -

Seller(S) 1

SELLER

BASF

Ludwigshafen, Germany

Category Company
Founded 1865
Sector Chemicals
Employees110,918
Revenue 65.3B EUR (2024)
DESCRIPTION
Entrance to BASF's office in Florham Park, New Jersey.
Entrance to BASF's office in Florham Park, New Jersey.

BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.


DEAL STATS #
Overall 20 of 27
Sector: Agriculture M&A 1 of 1
Type: Divestiture M&A Deals 18 of 25
Country: Germany M&A 12 of 15
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Wintershall Dea

Kassel, Germany

Wintershall Dea engages in exploration and production of natural gas and crude oil as well as natural gas trading. Wintershall Dea was founded in 1894 and is based in Kassel, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 BASF SE - Ultrafiltration Membrane Business

Ludwigshafen, Germany

BASF SE - Ultrafiltration Membrane Business provides Clean water Filter membranes to remove suspended solids and microorganisms, Fine capillaries Arrangement of filter fibers stabilizes the membrane and Optimized plastic Easier cleaning of filters prolongs membrane lifetime.

Sell -