Add-on Acquisition • Life Science

Monsanto Co. Acquires DEKALB Genetics

On December 7, 1998, Monsanto Co. acquired life science company DEKALB Genetics

Acquisition Context
  • This is Monsanto Co.’s 1st transaction in the Life Science sector.
  • This is Monsanto Co.’s 1st transaction in the United States.
  • This is Monsanto Co.’s 1st transaction in Illinois.

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M&A Deal Summary

Date December 7, 1998
Target DEKALB Genetics
Sector Life Science
Buyer(s) Monsanto Co.
Deal Type Add-on Acquisition

Target Company

DEKALB Genetics

Dekalb, Illinois, United States
Dekalb Genetics Corp., a huge producer of seed corn based in De Kalb.
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Buyer Overview 1

Buyer

Monsanto Co.

St. Louis, Missouri, United States

Category Company
Founded 2000
Sector Agriculture
Employees22,500
Revenue 15.0B USD (2015)
DESCRIPTION
Entrance to Monsanto's corporate headquarters in St. Louis, Missouri.
Entrance to Monsanto's corporate headquarters in St. Louis, Missouri.

Monsanto Co. is a chemical and agricultural biotechnology company offering farmers a wide range of corn, soybean, cotton, wheat, canola, sorghum and sugar cane seeds. Monsanto was formed in 2000 and is based in St. Louis, Missouri.


Deal Context for Buyer #
Overall 1 of 11
Sector: Life Science 1 of 3
Type: Add-on Acquisition 1 of 10
State: Illinois 1 of 1
Country: United States 1 of 9
Year: 1998 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-25 NutraSweet Property Holdings

Augasta, Georgia, United States

NutraSweet is a provider in the high-intensity sweetener industry and the largest producer of aspartame. With its introduction of aspartame in 1983, NutraSweet revolutionized the high-intensity sweetener market with its superior taste, proven safety record and functionality which has enabled food and beverage companies to incorporate aspartame in a broad variety of products. Today, aspartame is sold in over 100 countries and used in over 5,000 products by over 250 million people. With a sweetness potency 200x that of sugar's, aspartame is projected to continue its growth worldwide as food and beverage companies reduce reliance on sugar.

Sell $440M