Profile: Illinois Tool Works Inc (ITW.N)
22 Feb 2017
Illinois Tool Works Inc. (ITW), incorporated on June 19, 1961, is a manufacturer of a range of industrial products and equipment. The Company operates through seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. The Company has over 80 divisions in approximately 60 countries.
The Company's businesses in the Automotive OEM segment produces components and fasteners for automotive-related applications. The segment's products include plastic and metal components, fasteners and assemblies for automobiles, light trucks and other industrial uses. The segment primarily serves the automotive original equipment manufacturers and tiers market.
Test & Measurement and Electronics
The Company's Test & Measurement and Electronics segment produces test and measurement, and electronic manufacturing and maintenance, repair and operations (MRO) solutions. The Company's businesses in the Test & Measurement and Electronics segment produce equipment, consumables and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The segment's products include equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids; electronic assembly equipment and related consumable solder materials; electronic components and component packaging; static control equipment and consumables used for contamination control in clean room environments, and pressure sensitive adhesives and components for telecommunications, electronics, medical and transportation applications. The segment primarily serves the electronics, general industrial, industrial capital goods, automotive original equipment manufacturers and tiers, and consumer durables markets.
The Company's Food Equipment segment offers commercial food equipment. The segment's products 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. The segment primarily serves the food institutional or restaurant, food service and food retail markets.
Polymers & Fluids
The Company's businesses in the Polymers & Fluids segment produce adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The segment'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; hand wipes and cleaners for industrial applications; fluids, polymers and other supplies for auto aftermarket maintenance and appearance; fillers and putties for auto body repair, and polyester coatings, and patch and repair products for the marine industry.
The Company's businesses in the Welding segment produce arc welding equipment, consumables and accessories for a range of industrial and commercial applications. The segment's products include arc welding equipment, metal arc welding consumables and related accessories, and metal jacketing and other insulation products. The segment primarily serves the general industrial market, which includes fabrication, shipbuilding; energy; MRO; construction, and industrial capital goods markets.
The Company's Construction Products segment supplies engineered fastening systems and solutions. The segment'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. The segment primarily serves the residential construction, renovation or remodel construction and commercial construction markets.
The Company's Specialty Products segment produces beverage packaging equipment and consumables, product coding and marking equipment, and consumables, and appliance components and fasteners. The segment's products include line integration, conveyor systems and line automation for the food and beverage industries; plastic consumables that multi-pack cans and bottles and related equipment; foil, film and related equipment used to decorate consumer products; product coding and marking equipment and related consumables; plastic and metal fasteners and components for appliances; airport ground support equipment, and components for medical devices.
The Company competes with Lincoln Electric and ESAB.
Illinois Tool Works Inc
155 Harlem Ave
GLENVIEW IL 60025-4075