Koch Industries, through its wholly owned subsidiary KGIC Merger Corporation, has acquired Guardian Industries Corp, the maker of glass (for industrial applications) and coatings (used in plastics).
“Guardian Industries and its employees have proudly served customers for 84 years, and we have benefited a great deal from Koch’s robust guidance and infrastructure since its initial investment in 2012. Our companies align in many areas including culture, global footprint and supply chain. We are excited to continue working together to create value for our customers and society,” said Ron Vaupel, president and CEO of Guardian.
Charles Koch, chairman and CEO of Koch, stated, “Guardian is a world-class organisation and a leader in providing innovative products. This acquisition fits well with our culture and core capabilities. We look forward to Guardian fully joining the Koch Industries family.”
The transaction is subject to customary closing conditions including antitrust approval, and is expected to close in the first quarter of 2017.
Guardian Industries Corp, headquartered in Auburn Hills, Michigan (USA), employs 17,000 people and operate facilities throughout North America, Europe, South America, Africa, the Middle East and Asia. Guardian Glass is a leading international manufacturer of float, value-added coated, and fabricated glass products and solutions for architectural, residential, interior, transportation and technical glass applications. SRG Global is one of the world’s largest manufacturers of advanced, high value coatings on plastics for the automotive and commercial truck industries, providing solutions for greater surface durability, structural integrity, functionality, vehicle efficiency and design flexibility. Guardian Building Products is a leading US based distributor of specialty building products.
