Koch Industries boosts expertise in aerospace and defense connectors with Molex acquisition
WICHITA, Kan., 11 Dec. 2013. Executives at industrial manufacturer Koch Industries Inc. in Wichita, Kan., are boosting their company's expertise in electronic, electrical, and fiber optic connectors with their acquisition of Molex Inc. in Lisle, Ill.
Koch completed its purchase of Molex this week for $7.2 billion. Molex designs connectors for military and aerospace, industrial, medical, automotive, telecommunications, mobile devices and consumer electronics.
Koch executives finalized the deal the merger of company subsidiary Koch Connectors Inc. As a result, Molex becomes an indirect wholly owned subsidiary of Koch Industries. Molex will retain its name and headquarters in Lisle, Ill., and be operated by its current management team.
Molex fiscal 2013 earnings were $3.6 billion. Molex shares no longer will be listed on the NASDAQ Global Select Market, the London Stock Exchange, or any other securities exchange.
Koch has annual revenues of about $115 billion, and is involved in refining, chemicals and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment; minerals; commodity trading and services; ranching; glass; and investments.
Molex operates 45 manufacturing locations in 17 countries and employs more than 36,000 people. For more information contact Koch Industries online at www.kochind.com, or Molex at www.molex.com.
John Keller | Editor
John Keller is editor-in-chief of Military & Aerospace Electronics magazine, which provides extensive coverage and analysis of enabling electronic and optoelectronic technologies in military, space, and commercial aviation applications. A member of the Military & Aerospace Electronics staff since the magazine's founding in 1989, Mr. Keller took over as chief editor in 1995.
