JOURNAL ARTICLE

Koch Changes Company Name to Reflect Its Diversification.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Alake, Tope 3 of 3

Abstract

Koch Industries Inc., the second-largest privately held company in the US, is changing its name to reflect its diversification and corporate structure. The top-level holding company will now be known as Koch Inc., while Koch Companies LLC will become a new subsidiary. The Wichita-based conglomerate, with operations in oil refining, pipelines, commodities trading, ranching, and paper pulp, has an annual revenue of approximately $125 billion. The company stated that it is no longer solely an industrial company but also involved in various technologies. Koch Industries has been known for its involvement in politics and conservative causes, and it recently made leadership changes by hiring Dave Robertson as co-CEO. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/06, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:177718415
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.