Platform:用并购把特种化学品做成平台
阿克曼认为 Platform 可以通过收购一批特种化学品业务、放进同一平台提高效率,把大量资本投在高回报上。这类业务轻资产、利润率高、客户转换成本高。2014 年公司宣布了 50 亿美元的农用化学品收购,他认为农化行业研发周期长、监管审批严,进入门槛很高。
We believe that Platform Specialty Products has the opportunity to invest large amounts of capital at a high rate of return by acquiring a portfolio of specialty chemicals businesses that can operate more efficiently as part of a larger industry platform.说完之后,2015Q1 的 13F:股数不变