Molex Incorporated has been acquired by Koch Industries for $7.2 billion. 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.”
“Now that the transaction has closed, we are eager to move forward with our new owners,” said Martin Slark, chief executive officer of Molex. “We believe that combining the global strengths of Molex and Koch will create an exciting future for all our stakeholders.”
