Profile: Illinois Tool Works Inc (ITW.N)
6 Dec 2013
Illinois Tool Works Inc. (ITW), incorporated on June 19, 1915, is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries. The Company operates in eight business segments: Transportation, Power Systems & Electronics, Industrial Packaging, Food Equipment, Construction Products, Polymers & Fluids, Decorative Surfaces, and All Other. The Company primarily serves the construction, general industrial, automotive, food institutional/restaurant and service, food and beverage, electronics, consumer durables, primary metals, and others markets. In March 2011, the Company acquired SOPUS Products' Car Care business. In July 2011, the Company acquired Despatch Industries. In April 2012, Graco Inc. acquired the Company’s finishing businesses. The acquisition includes complementary powder and liquid finishing equipment operations, technologies and brands. In powder finishing, Graco has added Gema, the Powder Finishing business, and approximately one-third of the purchase price is expected to be allocated to this business. In industrial liquid finishing, the acquisition includes Binks spray finishing equipment, DeVilbiss spray guns and accessories. Effective March 5, 2013, Illinois Tool Works Inc acquired Drahtzug Stein wire & welding GmbH & Co KG. In July 2013, Illinois Tool Works Inc acquired Gold Pattern Holdings.
ITW’s Transportation segment produces components, fasteners, fluids and polymers, as well as truck remanufacturing and related parts and service. In the Transportation segment, the Company’s products and services include plastic and metal components, fasteners and assemblies for automobiles and light trucks; fluids, polymers and other supplies for auto aftermarket maintenance and appearance; fillers and putties for auto body repair; polyester coatings and patch and repair products for the marine industry, and truck remanufacturing and related parts and service.
Power Systems & Electronics
ITW’s Power Systems & Electronics segment produces equipment and consumables associated with specialty power conversion, metallurgy and electronics. In the Power Systems & Electronics segment, the Company’s products include arc welding equipment; metal arc welding consumables and related accessories; metal solder materials for PC board fabrication; equipment and services for microelectronics assembly; electronic components and component packaging; static and contamination control equipment; airport ground support equipment, and pressure sensitive adhesives and components for telecommunications, electronics, medical and transportation applications.
ITW’s Industrial Packaging segment produce steel, plastic and paper products and equipment used for bundling, shipping and protecting goods in transit. In the Industrial Packaging segment, the Company’s products include steel and plastic strapping and related tools and equipment; plastic stretch film and related equipment; paper and plastic products that protect goods in transit, and metal jacketing and other insulation products.
ITW’s Food Equipment segment produces commercial food equipment and related service. In the Food Equipment segment the Company’s products and services include warewashing equipment; cooking equipment, including ovens, ranges and broilers; refrigeration equipment, including refrigerators, freezers and prep tables; food processing equipment, including slicers, mixers and scales; kitchen exhaust, ventilation and pollution control systems, and food equipment service, maintenance and repair.
ITW’s Construction Products segment produce tools, fasteners and other products for construction applications. In the Construction Products segment the Company’s products include fasteners and related fastening tools for wood and metal applications; anchors, fasteners and related tools for concrete applications; metal plate truss components and related equipment and software, and packaged hardware, fasteners, anchors and other products for retail.
Polymers & Fluids
ITW’s Polymers & Fluids segment produce adhesives, sealants, lubrication and cutting fluids, and hygiene products. In the Polymers & Fluids segment the Company’s products include adhesives for industrial, construction and consumer purposes; chemical fluids which clean or add lubrication to machines; epoxy and resin-based coating products for industrial applications, and hand wipes and cleaners for industrial applications.
ITW’s Decorative Surfaces segment produce decorative surfacing materials for furniture, office and retail space, countertops, and other applications. In the Decorative Surfaces segment the Company’s products include decorative high-pressure laminate for furniture, office and retail space, and countertops, and high-pressure laminate worktops.
The Other segment includes all other operating segments. In the All Other segment the Company’s products include equipment and related software for testing and measuring of materials and structures; plastic reclosable packaging for consumer food storage; plastic consumables that multi-pack cans and bottles and related equipment; plastic fasteners and components for appliances, furniture and industrial uses; metal fasteners and components for appliances and industrial applications; foil, film and related equipment used to decorate consumer products; product coding and marking equipment and related consumables, and line integration, conveyor systems and line automation for the food and beverage industries.
Illinois Tool Works Inc
3600 West Lake Ave
GLENVIEW IL 60026-1215