Koch Industries, Inc. of Wichita, Kansas, -- www.kochind.com -- has purchased the 50-percent stake in KoSa owned by Mexican-based IMASAB S.A. and, in the process, becomes the sole owner of the company. IMASAB had been Koch's equal investment partner in KoSa until the buyout. Other than an ownership modification, all things remain the same for KoSa. KoSa's global headquarters will remain in Houston, Texas; and regional headquarters will stay in Charlotte, North Carolina; Frankfurt, Germany; and Mexico. KoSa produces commodity and specialty polyester fibers, polymers, and intermediates and employs approximately 8,000 people worldwide.
Did you hear?... Matt Lyon purchases the assets of Hydrapak, Inc.
Former Marin Mountain Bikes president Matt Lyon has purchased the assets of Hydrapak, Inc., from Bell Sports. Bell separated Hydrapak from the Blackburn label last year. The first product line under the new management will be at retail in Spring 2002, and Lyon has already ...read more