Business Services Industry
The secret life of soap.(prices and rates of fuels)
Crain's Chicago Business, May, 2006 by Levine, Daniel Rome
Byline: Daniel Rome Levine In 1932, Alfred Stepan Jr., fresh out of the University of Notre Dame, borrowed $500 to start a business distributing calcium chloride to control dust on Illinois country roads. His office was a rented desk at Chicago's North Pier terminal. Today, the company, now run by his grandson, F.
Quinn Stepan Jr., sells more than $1 billion in specialty chemicals a year. Its main product-making up 76% of revenue-is surfactants, an unwieldy name for the chemical agents used in laundry, cleaning and personal-care products and in industrial products such as engine lubricants. Stepan Co., which also makes chemicals used to manufacture polyester and other resins used in plastics and building materials, now has more than 1,500 employees at 12...
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