Molex

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This article is about Molex LLC company. For their connectors, see Molex connector.

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Molex Incorporated
Subsidiary of Koch Industries
Industry Electronics
Founded 1938
Headquarters Lisle, Illinois, United States
Products Electrical connectors, Molex connector, Optical fiber connectors, Switches
Number of employees
 35,983
Parent Koch Industries
Website www.molex.com

Molex Incorporated is a manufacturer of electronic interconnectors. Molex sells over 100,000 products, including everything from electrical and fiber optic interconnect solutions to switches and application tooling.[clarification needed] Molex supplies a variety of industries, including the telecom, datacom, computer and peripheral, automotive, premises wiring, industrial, consumer, medical and military markets.

History

The company began by making flowerpots out of an industrial byproduct plastic called Molex. Later they made connectors for General Electric and other appliance manufacturers out of the same plastic.[1] Molex acquired Woodhead Industries in 2006;[2] the largest acquisition in the former's history.

On February 14, 2005, Molex announced its results for the six months ended December 31, 2004, that reflect certain adjustments to its results of operations for the first fiscal quarter ended September 30, 2004.[3] In March, 2005, a class action lawsuit against Molex Inc. and certain of its officers and directors for artificially inflating the market price through materially false and misleading statements was announced.[4] In 2007, a settlement of $10.5 million fund plus interest was reached.[5]

In 2009, Hermann Simon mentioned this company as an example of a "Hidden Champion".[6]

In September 2013, Koch Industries purchased Molex for approximately $7 billion.[7] Koch indicated Molex will retain its company name and headquarters in Lisle, Illinois and be run as a subsidiary.[8][9]

References

  1. ↑ http://www.reed-electronics.com/eb-mag/index.asp?layout=articlePrint&articleID=CA6279564#Molex
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5.
  7. ↑ Denis Cosnard, Les "infâmes frères Koch" s'offrent un nouveau grand nom de l'industrie, Le Monde, 10.09.2013
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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