Koch also owns Invista, Georgia-Pacific, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals and Matador Cattle Company. The firm employs 50,000 people in the United States and another 20,000 in 59 other countries.
Koch companies are involved in core industries such as the manufacturing, refining and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranching
finance, commodities trading, as well as other ventures and investments.
Koch Industries was founded in 1940 by MIT alum Fred C. Koch (Chemical Engineering Practice, '22), who developed an improved method of converting heavy oil into gasoline in 1927.