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January 29, 2014
1 Min Read
GLENVIEW, ILLINOIS-(November 4, 2009)-IllinoisTool Works Inc. today announced that it has acquired the assets of Greenville,SC-based Hartness International. The company's core business includes lineintegration, conveyor systems, and line automation for the beverage and foodindustries. Terms of the transaction were not disclosed.
Hartness International will be a wholly owned business unitof ITW and part of the company's consumer packaging group. In accordance withITW's decentralized business structure, Hartness International will maintainits brand name and operate as a separate business.
"Hartness International is an important strategic step togrow our consumer packaging business," said ITW Executive Vice President TimGardner. "This acquisition complements our existing businesses and will broadenour presence in the consumer packaging market. We will be able to offer ourcustomers 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 multinationalmanufacturer of a diversified range of value-adding and short lead-timeindustrial products and equipment. The Company consists of 895 business unitsin 54 countries and employs some 59,000 people.
SOURCE Illinois Tool Works Inc.
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