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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 .
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The Monsanto family is a historical Sephardic Jewish merchant and banking business [1] who played a significant role in founding the Jewish community in Colonial Louisiana (then transferring between French and Spanish rule) in the 18th century.
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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John E. Franz (born December 21, 1929) is an organic chemist who discovered the herbicide glyphosate while working at Monsanto Company in 1970. [1] The chemical became the active ingredient in Roundup, a broad-spectrum, post-emergence herbicide.
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. [13] [14 ...