Koch Industries, Inc. completes acquisition of Molex Incorporated

The acquisition was finalised through the merger of Koch Industries’ wholly owned subsidiary, Koch Connectors, Inc., with and into Molex. As a result of the merger, Molex is now an indirect wholly-owned subsidiary of Koch Industries, Inc., retaining its name and headquarters in Lisle, Illinois. The company will continue to be operated by its current management team.

"We’re pleased to welcome Molex’s 36,000 talented leaders and employees to Koch,” said Charles Koch, chairman and chief executive officer of Koch Industries. "Molex is a great company that creates real value for its customers and society and matches up well with our culture and core capabilities.”

Dave Robertson, president and COO of Koch Industries said, "This acquisition represents  a new platform for growth and innovation for us. We’re looking forward to applying our Market-Based Management philosophy at Molex to help identify and capture additional opportunities.”

More than 70% of Molex’s revenues come from products sold outside the United States.