Illinois Tool Works Inc.

Company Profile

■URL

http://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 57 countries.

-The Company is organized into seven reportable segments:

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


-The Company’s total sales in the fiscal year ended December 31, 2015 totaled USD 13,405 million. The Company’s Automotive OEM segment contributed 19% of its total sales.

-Businesses in the Automotive OEM segment produce plastic components, 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 DaeLim, Deltar, Drawform, Filtertek and Shakeproof.

Shareholders

-Listed on New York Stock Exchange.

Products

Automotive parts: ITW Global Automotive

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

ITW Engineered Fasteners
-Panel fasteners
-Grommets
-Weather strip clips
-Plastic rivets
-Specialty fasteners

ITW Shakeproof
-Threaded fasteners
-Ball studs
-Cold formed products

ITW TekFast
-Brackets
-Connectors
-Hole plugs
-Rod end clips
-Routing clips

Superb Products
-W-Base retainers
-Headlamp retainers
-Pin & grommets
-Window sashes

Interior Materials
DaeLim
-Door interior materials
-Materials for seats

ITW Deltar Door Handles & Trim
-Door handles
-Interior trim

ITW Deltar Seat Components
-Headrest guides
-Seat release levers
-Child seat anchor covers
-Seat belt covers
-Seat heaters
-Seat occupant sensors

Body & Exterior Components
ITW Deltar Fuel Systems
-Capless & mis-fuel inhibitors
-Fuel fill housings
-Fuel doors
-Fuel filler heads
-Charge port housings

Metal stampings
ITW Drawform
-Metal stampings

Injection molded components and automated assemblies
ITW Safety
-CS-sensors
-Seatbelt components
-Pretensioner components
-Height adjusters
-B-pillar covers
-System covers
-Buckle components
-Assembly parts

ITW Motion
-Small rotary dampers
-Large rotary dampers
-Linear dampers
-Air dampers
-Hinge dampers
-Latches

History

June 1915 Established.
June 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.
June 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.
June 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.
July 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.

Supplemental Information 1