Koch Industries: A Look At All The Businesses Owned By The Koch Brothers
Koch Industries, the second largest privately held firm in the United States, was founded by Fred C. Koch, and his sons, American billionaire and businessman Charles and David Koch, possess 84% of the company's stock. Thanks to their business success, the Koch brothers are two of the wealthiest individuals in the United States. Still, their advocacy for limited government and a free market economy has made them household names and drawn criticism. Nonetheless, they continued to own several successful companies.
7 Flint Hills Resources LP
Flint Hills Resources LP owns and manages the United States refining operations. The firm provides asphalt, base oils, gasoline, jet fuel, diesel, heating oils, cleaner-burning gasoline, and performance diesel fuels in its product lineup. The company has 13 asphalt terminals in six states (Alaska, Wisconsin, Iowa, Minnesota, Nebraska, and North Dakota) to produce asphalt for paving and roofing. The company operates refineries in Alaska, Texas, and Minnesota and has a refinery port in Alaska. It also controls the acquisition of domestic crude oil from offices in Texas and Colorado. In addition, Flint Hills Resources bought PetroLogistics, a chemical and polymer grade propylene maker, on July 16, 2014. According to one research, Flint Hills Resources earns $2.5 billion annually in revenue.
6 Guardian Industries
Based out of Auburn Hills, Michigan, Guardian Industries is a privately held industrial manufacturer of glass, automotive, and building goods. The company produces float glass, manufactured glass products, fiberglass insulation, and construction materials for industrial, domestic, and vehicular use. More than 18,000 people are currently employed by the corporation, which operates in every central region except Antarctica. In 1932, the company that would become known as Guardian Industries was initially established as Guardian Glass Company. When it first opened, it was a little windshield fabricator. Ten years after his 1957 graduation and the filing of Guardian's Chapter bankruptcy, William Davidson became the company's president in 1957. In a deal finalized on February 1, 2017, Koch Industries acquired Guardian Industries.
5 Georgia-Pacific
One of the world's leading producers and distributors of tissue, pulp, paper, toilet, and paper towel dispensers, building products, and related chemicals is Georgia-Pacific LLC, an American pulp and paper corporation headquartered in Atlanta, Georgia. The annual revenue for Georgia-Pacific Panel Products is $160,000,000. Extensive data analysis revealed that the revenue per employee ratio for Georgia-Pacific Panel Products was $250,000.
Georgia-Pacific, a Koch Industries company, was recognized by the Environmental Protection Agency (EPA) in 2009 with its SmartWay Excellence award for its creative work with the freight industry to improve energy efficiency and drastically cut air pollution. The corporation employed more than 35,000 employees over 180 locations in North America, South America, and Europe as of the fall of 2019. Although it is a Koch Industries subsidiary, it is run and managed separately.
4 Invista
Fiber, resin, and intermediates are what Invista specializes in. Approximately 10,000 people work for the company across more than 20 countries. In February of 2003, DuPont's textile fibers group spun off to become the forerunner to what is now known as DuPont Textiles and Interiors. The business was rebranded as INVISTA and sold to the privately held Koch Industries on April 30, 2004, for US$4.2 billion. The INVISTA corporation was formed when Koch Industries merged the purchased firm with their KoSa subsidiary.
3 Koch Ag & Energy Solutions
Fertilizers and other soil nutrients for the agriculture and plant markets, in addition to other enhanced efficiency goods and technology for the energy and chemical markets, are just a few of the many products and services offered worldwide by Koch Ag & Energy Solutions, LLC and its subsidiaries. Koch Fertilizer, LLC is a leading manufacturer of nitrogen fertilizers worldwide. In addition to the United States and Canada, Koch Fertilizer also owns or has a stake in fertilizer facilities in Trinidad & Tobago, Venezuela, and Italy. When the Koch firms acquired the Gulf Central Pipeline and the ammonia terminals it served in 1988, they also created Koch Fertilizer.
The Koch Nitrogen Company began selling ammonia the following year. Over the next few years, the company acquired several factories in Louisiana, Canada, and elsewhere. It also entered into ammonia sales agreements with businesses in Australia, the United Kingdom, and elsewhere. Koch Methanol and Koch Agronomic Services were established in 2010. Koch's 35% interest in a Venezuelan facility was nationalized in October 2010. The company acquired the British fertilizer manufacturer J&H Bunn Limited in 2011. Koch Fertilizer is no more; it is now known as Koch Ag and Energy Solutions (KAES). Over a year, Koch Ag & Energy Solutions produces, sells, and ships out 13 million metric tons of fertilizer solutions.
2 Koch Pipeline Company
The company transports goods, but instead of transporting luxury and branded goods, they transport natural gas liquids, petroleum, and chemicals, Koch Pipeline Company LP, a subsidiary of Flint Hills, owns and operates a total of 4,000 miles (6,400 km) of the pipeline. Wisconsin, Minnesota, Texas, Missouri, Iowa, Oklahoma, Louisiana, and Alberta, Canada, are home to some of its channels. They have locations in Wichita, Kansas, St. Paul, Minnesota, Corpus Christi, Texas, and Port Arthur, Texas.
In 1946, the forerunner to Koch Industries, Wood River Oil Co., bought the Rock Island Oil and Refining Co. They purchased an Oklahoma crude-oil pipeline as part of the deal. Due to construction and financial investments, Wood River purchased other channels in the United States and Canada. The company bought United Gas Pipe Line Co. in 1992, giving it access to that company's 9,271 miles of pipes. It holds the majority stake in the Colonial Pipeline.
1 Molex
The electronic, electrical, and fiber optic connectivity systems you use every day were probably made by Molex LLC. Molex has over a hundred thousand products in data communications, medical, industrial, automotive, and consumer electronics. They were the first to develop the Molex connector, now standard on all personal computers. The firm is ranked as the world's number two producer of electronic connectors.
Sources: Gleif, Zippia, Invista, Koch Industries
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