Illinois Tool Works Inc.

Company Profile

■URL

https://www.itw.com/

■Address

155 Harlem Avenue, Glenview, IL 60025, USA

Business Overview

-The Company is a global manufacturer of a diversified range of industrial products and equipment with 84 divisions across 51 countries.

-The Company is organized into seven reportable segments:

Automotive OEM
Test & Measurement and Electronics
Food Equipment
Polymers & Fluids
Welding
Construction Products
Specialty Products

-Businesses in the Company’s Automotive OEM segment produce plastic and metal components, fasteners, and assemblies for passenger cars, light trucks, and other industrial purposes. The products and services of the Automotive OEM segment are sold under various owned or licensed trademarks, including Deltar and Shakeproof.

-Sales in the Company's Automotive OEM segment in FY 2023 totaled USD 3,235 million, contributing approximately 20.1% of its total sales.

Shareholders

-The Company is listed on the New York Stock Exchange.

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Products

Automotive parts: ITW Global Automotive

ITW CIP (California Industrial Products)
-U-Nuts
-Nut plates
-Push/Box/Expansion nuts
-Specialty products

ITW Deltar Body and Interior Businesses
-Door Handles
-Door Trims
-Seat Components
-Seat heaters and sensors
-Tank recesses
-Fuel filler housings
-Fuel filler flaps
-Nozzles
-Capless systems
-Charge port housings

ITW Deltar Fasteners
-Brackets
-Connectors
-Hole Plugs
-Plastic rivets
-Pinetree/christmas tree clips
-Panel fasteners
-Trim clips
-Weatherstrip clips
-Plastic grommets
-Rod End Clips
-Routing Clips

ITW Shakeproof
-Inserts
-Tapping Screws
-Bolts & Studs

ITW Motion
-Rotary Dampers
-Linear Dampers
-Air Dampers
-Hinge Dampers
-Latches

ITW Drawform stamping ICE and EV components
-Suspension
-Transmission
-Emissions
-Lighting
-Airbag
-Braking
-Fluid management

ITW Drawform pack and battery solutions
-Lithium ion battery can and top cap assemblies
-Pack degassing valves
-Pack combination valves
-Pack mounting sleeves
-Pack coolant connectors

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History

Jun. 1915	Established.
Jun. 1961	Incorporated in Delaware.
Aug. 1976	Acquired Devcon Corp. and Chemical Development Corp. for 518,500 Co. common shares on a pooling of interest basis.
Jun. 1980	Acquired Chicago Switch, Inc., a manufacturer of electrical switches.
1982	Acquired UID and RCL switch lines for cash and Heartland Components and the Duco household cement line.
1983	Acquired Thielex Plastics Corp. for 125,400 shares and Philadelphia Resins for cash.
Mar. 1984	Acquired the stock of N.A. Woodworth Company for cash.
1985	Acquired Rust-Lick, Inc., a manufacturer of specialty metal cutting fluids.
Dec. 1985	Acquired for cash, Magnaflux Corporation, a manufacturer of equipment and systems for non-destructive testing.
Jan. 1986	Acquired for cash Olin Corp.'s anchoring and fastening systems businesses located in the U.S., Europe and Japan.
May 1986	Acquired the stock of Norwood Marking & Equipment Co., Inc. for stock.
Sep. 1986	Acquired Signode Industries, Inc.
Feb. 1988	Acquired Phillips Drill Company, Inc. for cash.
Mar. 1989	Sold its Cortron Division of Elmhurst, Illinois, to Amkey, Inc. of Methuen, Mass.
Apr. 1989	Purchased all the outstanding common shares of Ransburg Corp. (sold in Mar. 1991).
Mar. 1990	Acquired Arkon Standard Division.
Apr. 1990	Acquired substantially all the assets of The DeVilbiss Industrial Commercial business of Eagle Industries, Inc. (sold in Mar. 1991).
Aug. 1990	ITW Acquisition Inc., a subsidiary of the Company, completed the acquisition of Buell Industries, Inc.
1993	Acquired Miller Group Ltd. Terms were not disclosed.
May 1995	Acquired Jemco Engineering Company, Fibre Glass-Evercoat Company, Inc. and Foamseal, Inc.
Jun. 1995	Acquired United Silicone Inc. Terms were not disclosed.
Feb. 1996	Acquired Hobart Brothers Company of Troy, Ohio. Hobart, as a manufacturer and marketer of welding consumables (filler metals), welding equipment, advanced welding systems/lasers and aircraft ground power systems, will complement the Company's Miller Electric Company.
May 1996	Acquired Medallist Industries Inc.
1996	Acquired all of the outstanding common stock of Azon Limited.
Oct. 1998	Binks Sames Corporation sold certain domestic assets and standard products lines to the Company.
Feb. 1999	Acquired Trident International Inc. for USD 16.50 per share.
Apr. 1999	Industrial Rubber Products Inc. acquired the Irathane Systems Division of the Company Industrial Rubber Products agreed.
Aug. 1999	Acquired the Duo-Fast Corporation. Terms were not disclosed.
Nov. 1999	A wholly owned subsidiary of the Company merged with Premark International, Inc. ("Premark"), a commercial manufacturer of food equipment and decorative products.
Apr. 2000	Acquired Imaging Technologies LLC.
Jul. 2000	Acquired AXA Power A/s of Odense Denmark. The terms of the transaction were not disclosed.
Dec. 2000	ITW Ltd., a subsidiary of the Company, acquired Capseals business from Sunoco.
Nov. 2006	Acquired Ark-Les Corporation, a leading developer of highly engineered electronic and electromechanical controls.
Mar. 2007	Purchase of Quasar International, Inc.
2011	Acquired SOPUS, a portfolio of automotive maintenance brands such as Rain-X, Gumout and Black Magic and renamed it ITW Global Brands.
Apr. 2012	Completed sale of the finishing group of businesses to Graco Inc. for USD 650 million.
Oct. 2012	Completed agreement to divest 51% stake in Decorative Surfaces segment to Clayton, Dubilier & Rice, LLC for USD 1.05 billion.
Jul. 2016	Completed acquisition of ZF TRW's Engineered Fasteners and Components business for approximately USD 450 million.