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Monsanto tried to acquire Swiss agro-biotechnology rival Syngenta for US$46.5 billion in 2015, but failed. [77] In that year Monsanto was the world's biggest supplier of seeds, controlling 26% of the global seed market (Du Pont was second with 21%). [78] Monsanto was the only manufacturer of white phosphorus for military use in the US. [79]
Monsanto is founded in St. Louis, Missouri, in 1901 as a chemical company, [1] by John Francis Queeny, a 30‑year veteran of the pharmaceutical industry. Its first products are commodity food additives, like the artificial sweetener saccharin , caffeine , and vanillin .
Manuel and Jacob Monsanto were back living at Toulouse Street in New Orleans by the mid-1780s. [4] Benjamin Monsanto (died 10 October 1794) was appointed by Manuel Gayoso de Lemos, the Governor of Spanish Louisiana, to teams of citizens who dealt with inventories and appraisals of the slave plantation estates of deceased neighbours. [9]
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Two years after that, he founded Monsanto Chemical Works, and began producing saccharine, which he sold to Meyer Brothers. He started to turn a profit in 1905, but it was not until 1906 that he left Meyer Brothers to work for Monsanto full-time. [3] In 1928, Queeny retired from Monsanto and was succeeded by his son, Edgar. The company grew to ...
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After his father retired from the company, Edgar took over the leadership of Monsanto in 1928. [2] At this time, it had just been listed on the stock exchange as a public company. He led the company through the 1929 stock market crisis and its expansion into a major U.S. industrial company with a global presence before he retired in 1960.
Acquired by Monsanto in 1996, the research and development facility is located 8 miles (13 km) west of Madison in the city of Middleton, Wisconsin, on 4.5 acres (18,000 m 2). The site has 100,000 square feet (9,300 m 2 ) of research space, 35,000 square feet (3,300 m 2 ) of greenhouse space, about 75 employees, and ten laboratories.