About Illinois Tool Works Inc. (ITW)

Company Description:

Illinois Tool Works Inc., more commonly known as ITW, is a global company specializing in a diversified range of industrial products and equipment. The company operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.

Founded in 1912 by Byron L. Smith, ITW has grown into a leading manufacturer of specialized industrial equipment, consumables, and related service businesses. The company is headquartered in Glenview, Illinois, United States.

Main Product(s):

ITW designs and manufactures fasteners, components, equipment, consumable systems, and a variety of specialty products and equipment. Their broad range of products serves customers in various industries and markets.

Short History of Illinois Tool Works Inc.:

• 1912 – Founded by Byron L. Smith.
• 1915 – ITW's first major product, a gear-driven speed reducer, was introduced.
• 1980s – Began a series of international expansions and acquisitions.
• 1990s – Diversified its portfolio, focusing on innovative engineering.
• 2015 – Initiated an enterprise strategy focused on leveraging ITW's unique business model.
• Recent Years – Continued focus on organic growth, operational excellence, and strategic acquisitions.