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Molex sold to Koch Industries for $7.2bn

Connector specialist Molex has been acquired by Koch Industries for $7.2billion.

Under the terms of the agreement, Molex will continue to be operated by its current management team in Illinois, but become a wholly owned subsidiary of Koch.

"We're pleased to welcome Molex's 36,000 talented leaders and employees to Koch," said Charles Koch, company chairman and ceo. "Molex is a great company that creates real value for its customers and matches up well with our culture and core capabilities."

Molex ceo Martin Slarkad, pictured, said the company was 'eager to move forward' with its new owners. "We believe that combining the global strengths of Molex and Koch will create an exciting future for all our stakeholders," he commented.

Author
Laura Hopperton

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