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The Monsanto Company (/ m ɒ n ˈ s æ n t oʊ /) was an American agrochemical and agricultural biotechnology corporation founded in 1901 and headquartered in Creve Coeur, Missouri. Monsanto's best-known product is Roundup , a glyphosate -based herbicide , developed in the 1970s.
The company was best known for its leading role in the development of hybrid corn and for its "winged ear" logo. DeKalb Genetics Corporation was purchased by the Monsanto Company in 1998 and has been owned since 2017 by Bayer. The DeKalb seed business, the DEKALB brand and the winged ear logo are now owned and managed by Bayer. [1]
Monsanto purchases G. D. Searle & Company for $2.7 billion in cash. [22] [23] 1986: Products: Monsanto sells its American-based commodity plastics, or polystyrene, business to Polysar Ltd., a Canadian petrochemical company. [24] 1993: Products: Monsanto's Searle division files a patent application for Celebrex. [25] [26] 1994: Products
A meme that's recently enjoying some frequent sharing through social media like Facebook lists well-known consumer brands and companies, stating they are "owned" by genetically modified seeds ...
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Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker's $63 billion takeover of seed maker Monsanto. Several large ...
In 2016, Bayer merged with the American multinational Monsanto in what was the biggest acquisition by a German company to date. [13] However, owing to the massive financial and reputational blows caused by ongoing litigation concerning Monsanto's herbicide Roundup , the deal is considered one of the worst corporate mergers in history.
Albaugh started in business in 1979, selling fertilizer and seeds. After Monsanto's patent ran out on glyphosate in 2001, the chemical used in their best-selling herbicide Roundup, Albaugh began to sell a generic version of the product and bought a factory in Argentina to make it at a competitive price, allowing him to expand the business worldwide.