They are quietly battling it out for chemical companies.
What's Brewing At Bill Gates' Biggest (And Least Known) Clean Tech Bet
Where is Bill Gates putting his money? Of his $61 billion fortune, he has an estimated $45 billion invested outside Microsoft via Cascade Investment LLC. One of the biggest publicly disclosed holdings Cascade has is in a company with some $12 billion in revenues that is far from a household name: Ecolab.
Don't you just think that they might be interested in a small 1 billion co that has raised its dividend for 44 years in a row and is growing like a weed right in their own backyard and already deals with everyone of these intertwined companies.
Here is Stepan company's outlook today April 24th 2012.
Our strong first quarter results reaffirm our strategy for growth from both global expansion and higher value added products. All three segments delivered record first quarter profits. Our Surfactant business experienced continued growth in higher value functional surfactants used in agricultural and oilfield products. Our expansion efforts in Brazil delivered solid earnings growth. The Singapore methyl ester plant is just coming on line and should begin shipping product during the second quarter.
The Polymer segment delivered a record first quarter on continued growth of its polyol product used in rigid foam insulation. Our polyol plant expansion in Germany is operational. This new capacity will meet anticipated sales growth for the region. Our PA/Polyol plant will complete its triennial maintenance shutdown in North America in the second quarter.
The Lipid Nutrition business acquired last year contributed to a record quarter for our Specialty Products business. We look forward to further synergies with our historic business.
"We have an opportunity to build on our solid start and deliver significant earnings growth in 2012 as we continue to pursue long term initiatives that deliver value for our shareholders," said F. Quinn Stepan, Jr., President and Chief Executive Officer.