Koch family

The Koch family (/ˈkoʊk/ KOKE) is an American family of industrialists, philanthropists and businesspeople, most noted for their political activities and control of Koch Industries, the second-largest privately owned company in the United States (with 2013 revenues of $115 billion). The family business was started by Fred C. Koch, who developed a new cracking method for the refinement of heavy oil into gasoline. Fred's four sons litigated against each other over their interests in the business during the 1980s and 1990s.

Charles G. Koch and David H. Koch, today commonly referred to as the Koch brothers — and the only two of Fred Koch's four sons still with Koch Industries — are also affiliated with the Koch family foundations.

Family members

Fred C. Koch

Fred Chase Koch (/ˈkoʊk/; September 23, 1900 – November 17, 1967) was an American chemical engineer and entrepreneur who founded the oil refinery firm that later became Koch Industries, a privately held company which, under the principle ownership and leadership of Koch's sons, Charles and David, is listed by Forbes, as of 2015, as the second-largest privately held company in the United States.

Early life and education

Fred C. Koch was born in Quanah, Texas, the son of Mattie B. (née Mixson) and a Dutch immigrant, Harry Koch. Harry began working as a printer’s apprentice in Workum, Netherlands. He worked over a year at printers shops in The Hague and in Germany before coming to the U.S. in 1888, and owned the Tribune-Chief newspaper. Fred attended Rice Institute in Houston from 1917 to 1919, and graduated from the Massachusetts Institute of Technology (MIT) in 1922, where he obtained a degree in Chemical Engineering Practice.

Business career

Koch started his career with the Texas Company in Port Arthur, Texas, and later became chief engineer with the Medway Oil & Storage Company on the Isle of Grain in Kent, England. In 1925 he joined a fellow MIT classmate, P.C. Keith, at Keith-Winkler Engineering in Wichita, Kansas. Following the departure of Keith in 1925, the firm became Winkler-Koch Engineering Company.