This article is about Molex Incorporated company. For their connectors, see Molex connector.
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Molex Incorporated is a manufacturer of electronic interconnectors. Molex sells over 100,000 products, including everything from electrical and fiber optic interconnect solutions to switches and application tooling.[clarification needed] Molex supplies a variety of industries, including the telecom, datacom, computer and peripheral, automotive, premises wiring, industrial, consumer, medical and military markets.
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.
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 September 2013, Koch Industries purchased Molex for approximately $7 billion. Koch indicated Molex will retain its company name and headquarters in Lisle, Illinois and be run as a subsidiary.