Corteva names planned seed and genetics spin-off Vylor

Corteva

04/05/2026 12:53

May 4 (Reuters) -
U.S. agriscience company Corteva CTVA.N on Monday said it is naming the advanced seed and genetics unit it plans to spin off Vylor, replacing the placeholder name "SpinCo".

The
spin-off, announced last year, will carve out Corteva's seed and genetics business into a separately listed company as the agrichemicals group sharpens its strategic focus.

Corteva expects to complete the spin-off in the last quarter of 2026.

Vylor will hold more than 4,000 germplasm patents and over 2,000 biotechnology patents.

Chuck Magro, who is set to become Vylor's CEO, said the business would be positioned to help address global food and energy security challenges through scientific innovation.

Corteva said the name Vylor is derived from "valor," reflecting the company's agricultural heritage and competitive mindset.

Corteva is scheduled to report results for the first quarter on Tuesday.

 (Reporting by Sumit Saha in Bengaluru; Editing by Diti Pujara)

 ((Sumit.Saha@thomsonreuters.com;))