Guardian Glass has sold its business in Russia, which included two glass plants employing approximately 600 people. The purchaser is a private enterprise in the construction industry. Dave Robertson, president and COO of Koch Industries, parent company of Guardian Glass, says the exit strategy maintains the company’s commitment to employee safety while preventing the Russian […]

After announcing in March that it would scale down its operations in Russia in a controlled manner, REHAU Group will now sell its business in the country to the local management and withdraw completely. REHAU, headquartered in Muri, Switzerland, wrote in a news release that it has been active in Russia for 30 years serving […]

Koch Industries, the parent company of Guardian Glass, is calling for employees to shut down its two glass plants in Russia as a number of factors related to the invasion of Ukraine have made continued operations “untenable.” However, employee safety is a continued concern even with the announcement. Writing in a news release, Koch Industries’ […]

Two weeks ago, Koch Industries president and COO Dave Robertson was criticized by a number of mainstream media outlets for stating the company was not shutting down its two Guardian Glass float lines in Russia. Robertson said, “While Guardian’s business in Russia is a very small part of Koch, we will not walk away from […]

Koch Industries Inc. has completed its purchase of Guardian Industries Corp. after receiving all regulatory approvals for the transaction, the company announced today. Koch initially acquired a 44.5 percent minority interest in Guardian in 2012 and purchased the remaining shares last November in an all-cash transaction. Additional terms of the deal were not disclosed. Guardian […]

Guardian Industries Corp. and Koch Industries, Inc., today announced that Guardian stockholders have approved the acquisition of the company by KGIC Merger Corporation, a wholly owned subsidiary of Koch Industries. The deal is an all-cash transaction for the remaining 55.5 percent outstanding shares of Guardian Industries’ common stock not already owned by affiliates of Koch. […]

Guardian Industries has announced that it has reached an agreement allowing KGCI LLC (a subsidiary of Koch Industries Inc.) to purchase a minority stock in the company. In an exclusive interview with dwmmag.com, Earnest Thompson, director, marketing and brand management at Guardian Industries, expanded on the news. “We briefed Guardian employees around the world today […]