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MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it has entered into a definitive agreement to purchase the operations of the finishing businesses of Illinois Tool Works Inc. (NYSE: ITW) in a $650 million cash transaction.
Illinois Tool Works - Fortune 500 - ITW.
Founded in 1912, ITW is a global industrial company built around a differentiated and proprietary business model. The company's seven industry-leading segments leverage the ITW Business Model to generate solid growth with best-in-class margins and returns.
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.
ITW competitors include Dover Corporation, Aerotech and MTS Systems.
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ITW, as the company is generally called, operates 365 decentralized businesses that are organized into two main business segments--Engineered Components, and Industrial Systems and Consumables.
Illinois Tool Works Inc. or ITW is an American Fortune 200 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products....Illinois Tool Works. TypePublic companyTraded asNYSE: ITW S&P 500 ComponentIndustryManufacturingFounded1912FounderByron L. Smith7 more rows
ITW comprises a number of subsidiaries. Notable brands include Hobart, Miller Electric, Paslode, Foster Refrigerator, Brooks Instrument .
Illinois Tool Works - Fortune 500 - ITW.
Illinois Tool Works's competitors and similar companies include American Axle & Manufacturing, Wuerth Group, Siemens, ABB, General Electric, Emerson and Mitsubishi Chemical Holdings. Illinois Tool Works (ITW) is a company that manufactures and sells industrial products and equipment.

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