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Charleston, IL 61920
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The 1970s saw rapid growth of ITW’s manufacturing of components, fasteners, filters and assemblies for automotive companies around the world, along with new capabilities to provide sealants, sorbent materials and other specialty chemical products used in industrial maintenance.
ITW acquires Chronomatic, which utilizes proprietary polymer technology on dashboard controls and other components, to further its capabilities aimed at the automotive industry.
As a result of Fastex’s continuing advancements in the use of plastics, the Deltar operating unit is formed to augment ITW’s capacity to supply automotive components.
With the acquisition of Devcon, ITW takes a major step to solidify its ability to supply adhesives and epoxies for a variety of industrial applications.
In the 1980s, ITW began to increase significantly its acquisition activity and extend its reach. More than three dozen acquisitions serving both existing and new markets were made, including Dykem, Magnaflux, Mima, Minigrip, Norwood Marking, Paslode, Philadelphia Resins, Plastiglide, Ransburg Corporation (with its Gema, Micro-Poise and SIMCO businesses), Shippers Paper Products, Signode and SPIT.
The company nearly doubled its revenues with the purchase of Signode, a leading multinational manufacturer of metal and plastic strapping, stretch film, industrial tape, application equipment and related products. By the close of the decade, ITW entered the finishing systems market with acquisitions of companies that provide liquid and powder applications for conventional and electrostatic painting.
A portion of Fastex becomes the basis for the new Nexus operating unit, which extends ITW’s role as a supplier of plastic products to a variety of consumer applications.
ITW enters a number of joint ventures domestically and internationally, including the formation of Zip-Pak with Dow Chemical. ITW later repurchases Dow’s interest in order to combine Zip-Pak with the Minigrip business.)
During the 1990s, acquisitions increased ITW’s presence in the important metal fabrication and welding markets. ITW also increased its reach in the consumer and industrial packaging markets with enhanced capabilities in case sealing, carton printing, decorating, protective shipping, shrink and stretch wrapping and palletizing products and systems. Approximately 100 worldwide acquisitions were made during this time, including Akron Standard, Anchor Fasteners and Stampings, CS Packaging, DeVilbiss/Volstatic, Dynatec, Hobart Brothers Company, Miller Group, Orgapack, Trans Tech, United Silicone and Vortec.
The acquisition of Premark International, a manufacturer of commercial food equipment and laminate products, marks the largest acquisitions in ITW’s history. Premark’s well-known brand names include Hobart, Wilsonart, Vulcan and Traulsen.
ITW’s proven strategies of increasing market penetration with product innovations, extending current products to new industries and acquiring businesses that improve customer offerings provide the foundation for continued success in the 21st century.
Today, our 825 decentralized business units in 52 countries employ approximately 60,000 men and women who are focused on creating value-added products and innovative customer solutions. The dedication of our people is the basis for our success and longevity.