Koch Changes Company Name to Reflect Its Diversification
- Family-owned firm to drop ‘Industries’ from its name
- ‘We are no longer only an industrial company,’ firm says
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Koch Industries Inc., the second-largest closely held firm in the US, is changing its name after nearly six decades, along with its corporate structure.
The top-level holding company will be known as Koch Inc. and Koch Companies LLC will be a new financially rated subsidiary. The change takes effect in the third quarter.