Profile: Illinois Tool Works Inc (ITW.N)
21 Nov 2014
Illinois Tool Works Inc., incorporated on June 19, 1961, is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries. The Company operates in six segments: Transportation, Power Systems & Electronics, Food Equipment, Construction Products, Polymers & Fluids, and All Other. In July 2013, Illinois Tool Works Inc acquired Gold Pattern Holdings. In May 2014, the Company sold Industrial Packaging segment to The Carlyle Group.
Businesses in the Transportation segments produce components, fasteners, fluids and polymers, as well as truck remanufacturing and related parts and service. Products and services in this segment include plastic and metal components, fasteners and assemblies for automobiles, light trucks, and other industrial uses; 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
Businesses in Power Systems & Electronics segment produce equipment and consumables associated with specialty power conversion, metallurgy and electronics. Products in this segment 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; pressure sensitive adhesives and components for telecommunications, electronics, medical and transportation applications, and metal jacketing and other insulation products.
Businesses in this segment produce commercial food equipment and provide related service. Product in this segment includes 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.
Businesses in this segment produce construction fastening systems and truss products. Product in this segment includes 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
Businesses in this segment produce adhesives, sealants, lubrication and cutting fluids, and hygiene products. Product in this segment includes 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.
This segment contains all other operating segments. Products in this segment include equipment and related software for testing and measuring of materials, structures, gases and fluids; plastic reclosable packaging for consumer food storage; plastic consumables that multi-pack cans and bottles and related equipment; plastic and metal fasteners and components for appliances; foil, film and related equipment used to decorate consumer products; product coding and marking equipment and related consumable, and line integration, conveyor systems and line automation for the food and beverage industries.
The Company competes with Lincoln Electric.
Illinois Tool Works Inc
3600 West Lake Ave
GLENVIEW IL 60026-1215