Koch Industries completes acquisition of Guardian

  

Koch Industries has completed the acquisition of Guardian Industries following the receipt of all regulatory approvals.

Koch initially invested in Guardian in 2012, acquiring a 44.5% minority interest in the company at the time.

Guardian brings new capabilities and expertise to Koch in several highly technical manufacturing and distribution industries.

In addition to being one of the world’s largest producers of float, value‐added and fabricated glass products, Guardian is also a leader both in high‐value coatings on plastics for the automotive industry and the distribution of specialty building products.

“Guardian began in 1932 as a small windshield company in Detroit and has since become an established leader, proudly serving a global customer base in multiple industries,” said Ron Vaupel, president and CEO of Guardian Industries.

“The combination of Guardian’s expertise and Koch’s existing capabilities and infrastructure provides a tremendous opportunity for all of us.”

“Koch Industries’ philosophy is to invest in companies where there is mutual benefit for both entities as well as their customers,” said Charles Koch, chairman and CEO of Koch Industries.

“Our capabilities will help Guardian better serve their customers, while their industry‐specific experience and expertise will bolster Koch’s operations.”

With the addition of Guardian, Koch companies now employ more than 120,000 people worldwide, with about 70,000 of those in the United States.

Guardian companies have nearly 150 locations in more than 25 countries.

Terms of the deal were not disclosed.

Article links

For more information visit: http://www.kochnews.com
For more information visit: http://www.guardian.com

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