My earlier post about Natureworks' PLA got me thinking about all the joint owners Natureworks has seen. They first started in 1997 as a 50-50 venture between Cargill and Dow Chemical. Then in 2005, Dow sold off their share and only Cargill owned them. In 2007, Cargill sold off 50% to Teijin, only to buy it all back last year. So to steal another [*] baseball saying, "It's deja vu all over again."
Normally I would be inclined to state that the bankers and lawyers are the only ones making out on all these deals, but given the healthy growth of the venture of the years, I think everyone is doing o.k.
[*] For anyone reading this without knowledge of baseball, the title of this entry is something that is shouted outside of baseball stadiums by people selling "scorecards" - glossy magazines with information about the players, the team,... Further regarding baseball, the deja vu quote is from a famous baseball player, Yogi Berra, now better known for his tautologies than his feats on the field, even though he was quite a good player.
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