Koch to buy up Guardian Industries

WICHITA, Kan. — Koch Industries, a minority owner of Guardian Industries, announced plans to buy up the remaining 55.5% of the Auburn Hills, Mich.-based glassmaker’s shares. The conglomerate, which first invested in Guardian in 2012, will pay cash for the acquisition. As both companies are private, financial terms of the deal, expected to close in the first quarter of 2017, were not released.