AUBURN HILLS, Mich. & WICHITA, Kan.--(EON: Enhanced Online News)--Koch Industries, Inc. announced today that it has completed the acquisition of Guardian Industries Corp. following the receipt of all regulatory approvals. Koch initially invested in Guardian in 2012, acquiring a 44.5 percent minority interest in the company at the time.
“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”
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. “The combination of Guardian’s expertise and Koch’s existing capabilities and infrastructure provides a tremendous opportunity for all of us to create more value for our customers and the communities in which we operate.”
“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. Although we’ve worked with Guardian since 2012, I believe our progress together has just scratched the surface.”
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.
About Guardian Industries Corp.
Based in Auburn Hills, Michigan, Guardian Industries is a diversified, global company with a vision to create value for customers and society through constant innovation using fewer resources. Guardian companies employ 17,000 people and operate facilities throughout North America, Europe, South America, Africa, the Middle East and Asia. Guardian Glass is a leading international manufacturer of float, value-added coated, and fabricated glass products and solutions for architectural, residential, interior, transportation and technical glass applications. SRG Global is one of the world’s largest manufacturers of advanced, high-value coatings on plastics for the automotive and commercial truck industries, providing solutions for greater surface durability, structural integrity, functionality, vehicle efficiency and design flexibility. Guardian Building Products is a leading U.S. based distributor of specialty building products. For more information, visit www.guardian.com.
About Koch Industries, Inc.
Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America with estimated annual revenues as high as $100 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; electronics; information systems; commodity trading; minerals; energy; glass; ranching; and investments. Since 2003, Koch companies have invested more than $80 billion in acquisitions and other capital expenditures. With a presence in about 60 countries, Koch companies employ more than 120,000 people worldwide, with about 70,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,200 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more news and stories, visit www.kochnews.com.