Posted 12/9/2013 01:23 pm
Updated 1 year ago
Koch Industries Inc. of Wichita, Kan., said Monday that it has completed its $7.2 billion acquisition of Molex Inc., a global electronic components company.
Based in Lisle, Ill., Molex has two facilities in Maumelle. The company's products can be found in computers, cell phones, video equipment and digital cameras.
In a news release (PDF), Koch said Molex is now an indirect wholly-owned subsidiary that will retain its name and Illinois headquarters. Koch also said the firm's management team will remain.
"We’re pleased to welcome Molex’s 36,000 talented leaders and employees to Koch," Koch Chairman and CEO Charles Koch said in a news release. "Molex is a great company that creates real value for its customers and society and matches up well with our culture and core capabilities."
As a result of the merger, Molex shares will no longer be listed on the Nasdaq and other exchanges.
Koch Industries is one of the largest private companies in America, claiming annual revenue of about $115 billion. It owns a range of companies in refining, chemicals and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; minerals; commodity trading and services; ranching; glass; and investments.
The company says it operates in nearly 60 countries and employs about 60,000 people worldwide.
Koch Industries is among the investors in the $1.1 billion Big River Steel mill planned for Osceloa.