Corteva, Globachem Form a Joint Venture to Advance Development, Commercialization of New Formulated Crop Protection Solutions

By Corteva | Globachem|9 September 2026

Corteva, a global leader in seed and crop protection technology, and Globachem N.V., a private company based in Belgium specializing in developing and globally marketing a wide range of crop protection products, have announced that they have entered into a definitive agreement to launch a 50/50 joint venture (JV) to support the development and delivery of new, differentiated crop protection solutions to meet evolving needs of farmers in Europe and the Americas.

The new JV will be independently operated and focus on leveraging late-pipeline to commercial-stage technology from its parent companies to amplify both companies’ ability to develop, register, and market the resulting products, which may be commercialized independently by one or both parent companies.

“This is the latest example of how we’re leveraging collaborations to strengthen and broaden our portfolio as we prepare to launch as a standalone crop protection company following our planned separation,” said Corteva Senior Vice President Brook Cunningham. “By combining our industry-leading pipeline and innovation capabilities with Globachem’s expertise in formulation, we aim to scale and accelerate the delivery of more tailored, comprehensive solutions for core crops in targeted markets.”

The JV will build upon an existing, multi-year partnership between Corteva and Globachem, allowing both companies to immediately benefit through enhanced collaboration. New solutions developed by the JV are expected to launch in the early 2030s and will be sold through established commercial channels.

“The entry into a definitive agreement regarding the establishment of the JV represents an important milestone in our long-standing relationship with Corteva and reflects our shared belief that collaboration is the fastest way to bring meaningful innovation to farmers,” said Koen Quaghebeur, Chief Visionary Officer and Co-founder of Globachem. “Together, Corteva’s world-class discovery and development capabilities and Globachem’s expertise in product development, formulation and regulatory execution, create a powerful platform for innovation. The JV will accelerate the delivery of differentiated crop protection solutions that help growers address evolving agronomic challenges and seize new opportunities. We are excited to build a company that brings together the strengths of both organizations, creating sustainable value for growers, our partners, and both parent companies.”

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The transaction is currently expected to close in the fourth quarter of 2026, subject to all necessary regulatory clearances and approvals.

Corteva, Inc. is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. See all author stories here.

Globachem N.V. is a family-owned crop protection company headquartered in Belgium, committed to helping growers and distribution partners tackle some of agriculture's most critical challenges. See all author stories here.