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The year 2010 saw the founding of Koch Methanol, LLC, and Koch Agronomic Services, LLC. In October 2010, a plant in which Koch had a 35% stake was nationalized by the Venezuelan government. [86] In 2011, the firm acquired the British fertilizer firm J&H Bunn Limited. Koch Fertilizer has changed its name to Koch Ag and Energy Solutions (KAES). [87]
Fortune 500 companies based in Houston [1]: Rank Company name 12: ExxonMobil: 48: Phillips 66: 60: Sysco: 105: Enterprise Products Partners: 106: Hewlett Packard Enterprise: 127: Plains GP Holdings
The company was willing to assert its rights in court, and was a party in several Supreme Court cases: United Gas Pipe Line Co. v. Mobile Gas Service Corp. , 350 U.S. 332 (1956) United Gas Pipe Line Co. v. Memphis Light, Gas, and Water Division , 358 U.S. 103 (1958)
In Kansas, Koch Industries CEO Charles Koch is by far the richest resident with $60.6 billion to his name. Fidelity CEO Abigail Johnson is Massachusetts’ richest resident with a net worth of $27 ...
In 1993, the Sterling Group of Houston led a leveraged buyout of Purina Mills. In 1998, it was purchased by Koch Industries, but a U.S. bankruptcy court cancelled out all equity held by Koch to maintain the company's viability. Purina Mills was purchased by Land O'Lakes in 2001.
Leonard traces the history of Koch Industries from a regional pipeline company to a sprawling corporate entity with "a political-influence machine of rare scope". [1] The first part of is devoted to the history of Koch Industries, beginning with Charles Koch's assumption of leadership after the death of his father Fred in 1967. It traces the ...
Fred Chase Koch (/ k oʊ k / KOHK; September 23, 1900 – November 17, 1967) was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries, a privately held company which – under the principal ownership and leadership of Koch's sons Charles and David – would be listed by Forbes as the second-largest privately held company in the ...
In 1980, the four sons of Fred C. Koch fought over control of Koch Industries, founded by their father. Marshall III sided with Bill Koch and Frederick R. Koch, while J. Howard Marshall II and E. Pierce Marshall sided with Charles Koch and David Koch. [1] Charles and David got control of the company in 1983. [1]