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Illinois Tool Works acquires assets of Hartness International

Nov 06, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Illinois Tool Works, Inc. (ITW)

Illinois Tool Works, Inc. (ITW), a diversified manufacturer of engineered products and specialty systems, has acquired the assets of Hartness International, Inc., a manufacturer of packaging equipment and conveyors for bottling and material handling industry. Both the companies are based in the US.

Pursuant to the transaction, Hartness will become a wholly-owned business unit of ITW and part of its consumer packaging group. 

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Completed: 2009-11-04

Deal Participants 

Target (Company)   Hartness International, Inc. - Assets
Acquirer (Company) Illinois Tool Works, Inc.
Vendor (Company)   Hartness International, Inc.

Deal Rationale

The acquisition will complement ITW's existing businesses and broaden its presence in the consumer packaging market.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Illinois Tool Works, Inc. (ITW)


Related terms: acquisition, business, consumer, illinois, manufacturer, market, packaging, products

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