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?... SRAM Corporation purchases RockShox Inc.
SRAM Corporation, a Chicago, Ill.-based bicycle component company, has stepped in to purchase near-bankrupt RockShox Inc. of Colorado Springs, Col. The deal is expected to close by mid-March. Integration of RockShox into the SRAM company will be completed by June with details to ...read more