Illinois Tool Works Acquires Hartness International
Company will be wholly-owned business unit in ITW's consumer packaging group.
-- Packaging Digest, 11/4/2009 12:40:39 PM
GLENVIEW, ILLINOIS-(November 4, 2009)-Illinois Tool Works Inc. today announced that it has acquired the assets of Greenville, SC-based Hartness International. The company's core business includes line integration, conveyor systems, and line automation for the beverage and food industries. Terms of the transaction were not disclosed.
Hartness International will be a wholly owned business unit of ITW and part of the company's consumer packaging group. In accordance with ITW's decentralized business structure, Hartness International will maintain its brand name and operate as a separate business.
"Hartness International is an important strategic step to grow our consumer packaging business," said ITW Executive Vice President Tim Gardner. "This acquisition complements our existing businesses and will broaden our presence in the consumer packaging market. We will be able to offer our customers a wider range of products and solutions. Hartness is a well-managed, growing business focused on innovation and customer service."
With $17.1 billion in 2008 revenues, ITW is a multinational manufacturer of a diversified range of value-adding and short lead-time industrial products and equipment. The Company consists of 895 business units in 54 countries and employs some 59,000 people.
SOURCE Illinois Tool Works Inc.
Illinois Tool Works acquires Allen Germany
02/03/2010Packaging Briefs
11/02/2009Illinois Tool Works Buys Avery Weigh-Tronix
09/28/20084-Fresh or Quattro – Original or Copycat
10/08/2009Faster fasteners
05/31/2008
VIEW ALL GALLERIES