Illinois Tool Works Inc. (Public, NYSE:ITW) is a multinational manufacturer of a range of industrial products and equipment. The Company has approximately 875 operations in 54 countries, which are aggregated and organized into seven segments: Industrial Packaging, Power Systems & Electronics, Transportation, Construction Products, Food Equipment, Polymers & Fluids, and All Other.
In September 2008, ITW announced that it had acquired Avery Weigh-Tronix, a manufacturer of industrial weighing products and systems. In July 2008, the Company acquired the assets of TRYMER polyisocyanurate (PIR) rigid foam business.
In June 2008, ITW completed the acquisition of Quipp, Inc. In March 2008, the Company acquired VS Acquisition Holding Inc., and in March 2009, KapStone Paper and Packaging Corporation announced the sale of the assets of its Ride Rite business to Illinois Tool Works Inc.
The Company completed the divestiture of the automotive components business during the year ended December 31, 2009. In April 2010, the Company announced that it acquired Accessories Marketing, Inc (doing business as Slime), a portfolio company of Friend Skoler & Co., Inc. (FSC).