Koch Enterprises, Inc. is beating the odds. Studies show that 80 percent of U.S. businesses are family owned or operated by families. While 30 percent of these businesses reach the second generation, only 10 percent make it to the third generation. In other words, 90 percent of all family businesses fail, dissolve or are sold before reaching the third generation. Koch Enterprises, Inc. is being run by Kevin R. Koch, fifth generation family member.
Koch Enterprises is beating the odds in more ways than one. As Koch Enterprises enters the 21st century, not only are they celebrating over 145 years of service, they have been named the 9th largest private company in Indiana and one of the top 500 privately held businesses in the US.
Current President and CEO, Kevin R. Koch, believes the longevity and success of the company can be attributed to its willingness to change with the times. “In the early days, the company sold tin horns and metalcraft. Then we changed to paint finishing systems. Now we are a diversified holding company with subsidiaries that range from sealants and adhesives to aluminum die castings. In the ever changing world of business, if you don’t change with the times, you’re going to fall behind,” said Kevin R. Koch. One thing that has remained constant is the involvement of the Koch family.