World Library  
Flag as Inappropriate
Email this Article
 

Molex

Molex Incorporated
Subsidiary
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 .com.molexwww

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. 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. ^ "Molex Completes Acquisition of Woodhead Industries". 
  3. ^ "Molex Announces Preliminary 2005 Fiscal Second Quarter and Six Month Results; Provides Guidance for Third and Fourth Fiscal Quarters". 
  4. ^ "Class-action suit filed vs Molex". 
  5. ^ "Class-action suit filed vs Molex:Outcome". 
  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. ^ "Molex jumps 32% on Koch Industries' $7.2B takeover". Chicago Tribune. Reuters. September 9, 2013. 
  9. ^ "Koch Industries buying electronics maker Molex for $7.2 billion". Los Angeles Times. September 9, 2013. 

External links

  • Official website
  • Official Entity
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.