Official website (https://www.kochinc.com/)
Also known as Wood River Oil and Refining Company, Rock Island Oil & Refining Company, Koch, Koch Companies, Koch Companies LLC, Koch Industries
second largest privately held company in the United States
~24 min read
Koch, Inc. (/koʊk/) is an American multinational conglomerate corporation based in Wichita, Kansas, and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizer, pulp and paper, chemical technology equipment, cloud computing, finance, raw materials trading, and investments. Koch owns Flint Hills Resources, Georgia-Pacific, Guardian Industries, Infor, Invista, KBX, Koch Ag & Energy Solutions, Koch Engineered Solutions, Koch Investments Group, Koch Minerals & Trading, and Molex. The firm employs 122,000 people in 60 countries, with about half of its business in the United States.
The company was founded by its namesake, Fred C. Koch, in 1940 after he developed an innovative crude oil refining process. Fred C. Koch died in 1967 and his majority interest in the company was split amongst his four sons. In June 1983, after a bitter legal and boardroom battle over the amount of dividends paid by the company, the stakes of Frederick R. Koch and William "Bill" Koch were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company. Charles owns 42% of the company; trusts for the benefit of Elaine Tettemer Marshall (the daughter in-law of J. Howard Marshall) and Elaine's children, Preston Marshall and E. Pierce Marshall Jr., own 16% of the company. David Koch died on August 23, 2019, and his heirs own the remaining 42% balance of the corporation.
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Creating a world of opportunities | Koch
Explore Koch’s companies, investments and career opportunities. Learn what Koch companies make and how we create long-term value worldwide.
kochinc.com →Koch started as a small business in America’s heartland and grew into one of the world’s largest privately held companies by staying true to a simple idea: Lasting success comes from helping people improve their lives. Today, Koch’s companies span industries and continents, but we’re still guided by the same principles — building mutually beneficial, long-term partnerships with customers, employees, suppliers and the communities in which we operate. Koch is a global company rooted in principles, focused on people and committed to long-term success through mutual benefit. Across Koch, employees are expected to challenge assumptions, seek knowledge and find better ways to move businesses forward. That includes our leaders and supervisors, whose role is to support our principle-based culture and help others do the same. Koch is headquartered in Wichita, Kansas, where we employ about 2,900 people and generate more than $750 million annual impact in the community. About 130,000 employees in more than 50 countries, with nearly half of those in the United States. 25 years ago, our companies operated largely in the energy sector. Today, we’ve diversified into a broad spectrum of industries, including consumer, technology, communications, healthcare, real estate and more. 90% of earnings are reinvested into the company, including $168+ billion in growth and improvements since 2003. Koch companies succeed by applying Principles of Human Progress to improve lives and create mutual benefit. Explore our diverse group of companies — each strengthened by shared resources, capabilities and our long-term Vision. Our leadership Meet the leaders who are shaping Koch’s direction, empowering employees and maintaining a culture of continuous improvement. At the annual intern Fireside Chat, both leaders shared personal knowledge about experimental discovery, being contribution-motivated and how to lead a life of meaning.
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