David Koch died on Augand his heirs own the remaining 42% balance of the corporation.Ĭharles Koch has stated that the company would go public 'over my dead body' and that the company has used its freedom from the pressures of public markets to make long-term investments and concentrate on growth. Pierce Marshall Jr., own 16% of the company. Howard Marshall) and Elaine's children, Preston Marshall and E. Charles owns 42% of the company trusts for the benefit of Elaine Tettemer Marshall (the daughter in-law of J. Koch and William 'Bill' Koch were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company.

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 died in 1967 and his majority interest in the company was split amongst his four sons. Koch, in 1940 after he developed an innovative crude oil refining process. The company was founded by its namesake, Fred C. The firm employs 122,000 people in 60 countries, with about half of its business in the United States. 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. 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. ( / k oʊ k/ KOHK) is an American privately held multinational conglomerate corporation based in Wichita, Kansas and is the second-largest privately held company in the United States, after Cargill. Georgia-Pacific, Guardian Industries, Flint Hills Resources, Invista, Molex, Infor, Matador Cattle Company

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