Industry Electronics Net income $243m (June 30, 2013) Founder Fred L Krehbiel | Revenue $3.6bn (June 30, 2013) Number of employees 36,000 Founded 1938 | |
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Type Subsidiary of Koch Industries Products Electrical connectors, Molex connector, Optical fiber connectors, Switches Headquarters Lisle, Illinois, United States CEO Martin P Slark (1 Jul 2005–) Subsidiaries Molex Taiwan Ltd, Molex Japan Co Ltd Parent organizations Koch Industries, Molex Electronics Ltd. Profiles | ||
Molex 2012 manufacturer of the year lincoln chamber
Molex Incorporated is a manufacturer of electronic, electrical and fiber optic interconnection systems. Molex offers over 100,000 products, across a variety of industries; Aerospace & Defense, Automotive, Alternative Energies, Consumer/Home Appliances, Commercial Vehicles, Data/Computing, Industrial Automation, Industrial Electrical, Medical, Scientific, Smartphones and Mobile Devices, Solid State Lighting and Telecoms/Networking.
Contents
History
The company began by making flowerpots out of an industrial byproduct plastic called Molex. Later they made connectors for General Electric and other appliance manufacturers out of the same plastic. Molex acquired Woodhead Industries in 2006; the largest acquisition in the former's history.
Molex was instrumental in the development of the first car radio, the first cellular phone and the first HDTV.
On February 14, 2005, Molex announced its results for the six months ended December 31, 2004, that reflect certain adjustments to its results of operations for the first fiscal quarter ended September 30, 2004. In March, 2005, a class action lawsuit against Molex Inc. and certain of its officers and directors for artificially inflating the market price through materially false and misleading statements was announced. In 2007, a settlement of $10.5 million fund plus interest was reached.
In 2009, Hermann Simon mentioned this company as an example of a "Hidden Champion".
In September 2013, Koch Industries purchased Molex for $7.2 billion. Koch indicated Molex will retain its company name and headquarters in Lisle, Illinois and be run as a subsidiary.