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AROUND THE WEB
New York Times
November 13, 2005
ANDREW ROSS SORKIN
Georgia-Pacific, the paper giant that makes Dixie cups and Brawny paper towels, agreed to be sold yesterday for $13.2 billion to Koch Industries, a family-controlled conglomerate that will become the nation's largest privately held company.
The deal may transform Koch, which owns dozens of companies with few recognizable brands, into a consumer and retail powerhouse...Koch, based in Wichita, Kan., brings in more than $60 billion in sales each year from a diverse range of businesses including petroleum and chemicals, ranching, commodities, financial services and paper. With the addition of Georgia-Pacific, which will become a unit of Koch, the company's revenue will exceed $80 billion, and it will have more than 80,000 employees around the world.
...The company is owned by Charles and David Koch, two of four Koch brothers, as well as other family members and associates. The largest private company in terms of sales had been Cargill, the agricultural conglomerate, which had revenue of $62 billion last year.
Also see:
Koch Foundations Read the September, 2000 97-count Indictment of Koch Industries for "Environmental Crimes"
Read the story >
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