RESEARCH TRIANGLE PARK, NC, November 1, 2022 – BASF is expanding its high oleic canola seed production and processing business in North America through the completed acquisition of Cargill’s Idaho Falls seed production facility.
This acquisition will expand the production capacity and reliability for InVigor® Health hybrids. InVigor Health hybrids yield a seed that produces a specialty oil profile that is more heat stable and higher in oleic acid content.
“We are not only delighted to welcome the talents of the highly experienced Idaho Falls colleagues to BASF; but we are committed to making investments that improve and expand our operations that supply growers across North America,” said Garth Hodges, Vice President, North America Business Management Seeds.
The acquisition strengthens BASF’s market leading canola portfolio, which includes seeds and traits, chemical and biological crop protection products, and digital farming tools.
“BASF values the long-standing relationships the Idaho Falls team has developed in the community and with the canola seed growers in this area,” added Hodges “BASF looks forward to continuing to work with these same growers and community partners in the future.”
About BASF’s Agricultural Solutions division
Farming is fundamental to provide enough healthy and affordable food for a rapidly growing population while reducing environmental impacts. Working with partners and agricultural experts and by integrating sustainability criteria into all business decisions, we help farmers to create a positive impact on sustainable agriculture. That’s why we invest in a strong R&D pipeline, connecting innovative thinking with practical action in the field. Our portfolio comprises seeds and specifically selected plant traits, chemical and biological crop protection, solutions for soil management, plant health, pest control and digital farming. With expert teams in the lab, field, office and in production, we strive to find the right balance for success – for farmers, agriculture and future generations. In 2021, our division generated sales of €8.2 billion. For more information, please visit www.agriculture.basf.com or any of our social media channels.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,700 employees in North America and had sales of $25.9 billion in 2021. For more information about BASF’s North American operations, visit www.basf.com/us.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.