Koch-Glitsch history

Led by his son Charles, who joined the company in 1961, Koch Industries has grown from those modest beginnings into the second-largest privately held company in North America, according to Forbes, and a global conglomerate with annual revenues of more than $60 billion.

Fred C. Koch, co-founder of what is now his namesake, Koch Industries, grew up in Texas and trained as an engineer at MIT. He developed an improved method of converting heavy oil into gasoline and was involved in refining, engineering and ranching businesses prior to his death in 1967.

United States companies have been banned from trading with Iran since 1995, when President Bill Clinton declared it a threat to national security.

By 1997, Koch Engineering and Glitsch International were both industry leaders in their respective products.

In December 1999, a civil jury found that Koch Industries had taken oil it didn’t pay for from federal land by mis-measuring the amount of crude it was extracting.

Koch’s refinery unit pleaded guilty in 2001 to a federal felony charge of lying to regulators and paid $20 million in fines.

By that September, the researchers had found evidence of improper payments to secure contracts in six countries dating to 2002, authorized by the company’s Koch-Glitsch affiliate in France.

In November 2006, the United States Justice Department and German prosecutors opened an investigation into bribery by Munich-based Siemens, Europe’s largest engineering company.

In July 2009, Mausen sued Koch for severance and performance pay in the Arles Labor Court in France.

All Koch-Glitsch global manufacturing sites are ISO 9001-2015 certified.

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