Tag Archive | "ITW"

Tags: , , , , , ,

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

Posted on 29 May 2013 by cradmin

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 April 1, the aforementioned business units are one legal entity. ITW Polymers Sealants North America has six facilities operating in Arizona, California, Georgia, Massachusetts, Minnesota and Texas. The division headquarters is located in Irving, Texas. ITW Polymers Sealants North America, Inc. offers expanded sealants solutions to various industries and its key markets including construction, aerospace composites and wind energy. Brands include: STA-PUT, Acryl-R, Elastek, ER Systems, Miracle, Pacific Polymers, Permathane and Tacky Tape.

Comments (0)

Tags: , ,

Wilsonart Majority Stake To Be Bought from ITW

Posted on 21 August 2012 by cradmin

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 majority ownership stake. ITW will retain an ongoing ownership stake. Wilsonart’s business units manufacture and distribute high pressure laminates and other surfacing materials and components with 2011 revenue of $1.1 billion. The company operates under the Wilsonart, Resopal, Polyrey and Arborite brands. aul Pressler, a CD&R Operating Partner, assumes the role of interim chief executive officer of Wilsonart upon the close of the transaction, expected in the fourth quarter. CD&R’s record of creating independent businesses from former divisions of larger corporations includes, most recently, Hussmann International, formerly a division of Ingersoll Rand, and Atkore International, formerly Tyco International’s Electrical and Metal Products business. CD&R has obtained committed financing from Barclays, Citigroup Global Markets Inc., Credit Suisse, Deutsche Bank, Goldman Sachs BankUSA, Morgan Stanley, and UBS Investment Bank.

Comments (2)




Advertise Here
Advertise Here

The Countertop Industry Insider Monthly Newsletter



......................................

Subscribe to Get New Posts via Email

Enter your email address to receive new posts by email. You can choose to receive notifications weekly or daily, excluding weekends and holidays.



......................................

Advertisement



......................................

CountertopResource on Social Media





......................................


Advertisement



............................................




Webutation
WEB RATING













%d bloggers like this: