Company Overview of Koch Industries, Inc.
Koch Industries, Inc., through its subsidiaries, operates in the businesses of refining, chemicals and biofuels; process and pollution control equipment and technologies; minerals; fertilizers; polymers and fibers; commodity trading and services; forest and consumer products; and ranching. The company offers renewable and alternative fuels and petrochemicals such as specialty chemicals, catalysts, and additives. Additionally, it supplies fibers, textiles, and catalysts. The company also provides pulp and paper products that include cellulose fibers, consumer tissues, and towels. It offers chemicals and resins. Koch Industries, Inc. was formerly known as Rock Island Oil & Refining and changed...
4111 East 37th Street North
Wichita, KS 67220
Founded in 1940
Key Executives for Koch Industries, Inc.
Chairman and Chief Executive Officer
Executive Vice President of Operations Excellence and Compliance and Director
Executive Vice President and Director
Compensation as of Fiscal Year 2012.
Koch Industries, Inc. Key Developments
Tribune Sale Talks Are Premature
May 17 13
Discussions regarding the sale of Tribune Company are premature, Chief Executive Officer Peter Liguori told employees in a memo this week. Bloomberg reported citing the memo: "From the get-go, such speculation has been and is premature. A sale transaction is only one of our possible strategic options, and there are many others." Charles Koch and David Koch have reported to be eyeing Tribune. Koch Industries, Inc. has stated that reports of its interest in Tribune are speculation.
David Koch And Charles Koch Reportedly Interested In More Tribune Papers
Apr 22 13
David Koch and Charles Koch, owners of Koch Industries, Inc. are seeking to acquire Los Angeles Times Communications, LLC and Chicago Tribune Company, Inc. and six other newspaper from Tribune Company (OTCPK:TRBA.A), according to a report by the New York Times. The New York Times said, purchasing those papers would be part of the Kochs' activism in favor of less regulation and less taxation. The report added that the Kochs probably have the money to buy all of Tribune's papers that are collectively valued at about $623 million. Also, LA Observed flagged the Times reporting that Tribune is expected to send its papers' financial information to potential buyers in early May 2013, speculating that, at that point, the Kochs could be in the best position to win the bidding because they appear prepared to purchase the papers in a package deal.
Koch Industries Reportedly To Bid For Assets Of Tribune
Mar 13 13
Koch Industries, Inc. is interested in newspaper assets of Tribune Company, reported Reuters citing sources familiar with situation. According to the reports, Koch is helping Doug Manchester finance a bid. According to one of the Reuters sources, Charles and David Koch, owners of Koch Industries, are not interested in Tribune's other assets - which include the broadcast TV stations. Tribune, based in Chicago, owns eight major dailies, including The Baltimore Sun and Hartford Courant. Doug said, "We are looking forward to opportunities to employ our cross-media strategy in other markets. We have no partnership with Koch Industries or with the Koch brothers and we don't anticipate any such arrangement. If we were to become involved in the sale of the Tribune Company or any other media assets, we would be glad to comment at the appropriate time." Melissa Cohlmia, Spokeswoman for Koch said, "As an entrepreneurial company with 60,000 employees around the world, we are constantly exploring profitable opportunities in many industries and sectors. So, it is natural that our name would come up in connection with this rumor. We respect the independence of the journalistic institutions referenced in today's news stories, but it is our long-standing policy not to comment on deals or rumors of deals we may or may not be exploring." Also the rumors have surfaced that Warren Buffett and Rupert Murdoch also are interested for some of Tribune's dailies.
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