Vylor spinoff establishes Johnston seed headquarters
Vylor Inc. is officially establishing its headquarters in Johnston following its separation from Corteva Agriscience. The $22 billion seed giant plans to focus on advanced agricultural technologies despite facing legal challenges regarding liabilities.
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CORTEVA INC is spinning off its seed division into a $22 billion standalone company named Vylor, returning its global headquarters to Johnston, Iowa. The separation comes despite an ongoing legal challenge from California and two dozen other states regarding legacy liabilities. The restructuring marks a major shift in the agricultural sector as Vylor prepares to invest $1.2 billion annually in research and development.
