ITW TACC (Formerly Plexus) Joined with Related Companies, Renamed

Illinois Tool Works (ITW), with numerous industrial manufacturing companies under its banner, has repositioned three companies with related products to allow for global competition. TACC (formerly Plexus), along with ER Systems and Schnee-Morehead, are all now part of a larger business known as ITW Polymers Sealants North America Inc. Effective … Read more

Wilsonart Majority Stake To Be Bought from ITW

Clayton, Dubilier & Rice (CD&R) and Illinois Tool Works Inc. (ITW) have formed an agreement under which ITW’s Decorative Surfaces business will become a new, independent company operating as Wilsonart International Holdings, LLC. A fund managed by CD&R will invest $395 million in the new freestanding business to acquire a … Read more