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Corteva Agriscience has announced plans to separate its seed and crop protection businesses into two independent companies.

The seed business, which has its major facilities in Johnston, will be named SpinCo, and crop protection will become New Corteva.

Corteva did not indicate where the companies, now headquartered in Indianapolis, will be based.

Corteva Agriscience will separate its seed operations, mostly based in Johnston, and its crop protection business into two companies, the Indianapolis-based, publicly traded company has announced.

Corteva said Wednesday, Oct. 1, that its board unanimously approved a plan to separate the nearly $17 billion conglomerate into two independent, publicly traded companies, with the crop protection business called New Corteva and

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