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The phrase "a separate company" is correct and usable in written English.
It can be used when referring to a business entity that operates independently from another organization.
Example: "The new product line will be managed by a separate company to ensure focused marketing strategies."
Alternatives: "an independent company" or "a distinct company".
Exact(60)
It is a separate company.
It's now a separate company.
It, too, will become a separate company.
Double Decker is a separate company.
However, AstraZeneca, which focuses on pharmaceuticals, remains a separate company.
It floated them off as a separate company in December.
Each home was operated by a separate company.
Instead, the company deposited the money with a separate company.
A separate company, also called Saab, still makes aircraft.
It would be put in a separate company.
I probably wouldn't have made it as a separate company".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com