Illinois Tool Works, Inc. history, profile and corporate video
Illinois Tool Works, Inc. manufactures components and equipment for the construction and automotive industries as well as plastics, adhesives and chemicals. It designs and manufactures fasteners and components, equipment and consumable systems and a variety of specialty products and equipment for customers. The company operates its business through eight external reportable segments: Transportation, Industrial Packaging, Power Systems & Electronics, Food Equipment, Construction Products, Polymers & Fluids, Decorative Surfaces and All Other. The Transportation segment includes related components, fasteners, fluids and polymers, as well as truck remanufacturing and related parts and service. The Industrial Packaging segment includes steel, plastic and paper products and equipment used for bundling, shipping and protecting goods in transit. The Power Systems & Electronics segment includes equipment and consumables associated with specialty power conversion, metallurgy and electronics. The Food Equipment segment includes commercial food equipment and related service. The Construction Products segment includes tools, fasteners and other products for construction applications. The Polymers & Fluids segment includes adhesives, sealants, lubrication and cutting fluids and hygiene products. The Decorative Surfaces segment includes decorative surfacing materials for furniture, office and retail space, countertops, flooring and other applications. All Other segment’s products include equipment and related software for testing and measuring of materials and structures; plastic reclosable packaging for consumer food storage; plastic consumables that multi-pack cans and bottles and related equipment; plastic fasteners and components for appliances, furniture, and industrial uses; metal fasteners and components for appliances and industrial applications; foil, film, and related equipment used to decorate consumer products; product coding and marking equipment and related consumables and line integration, conveyor systems and line automation for the food and beverage industries. Illinois Tool Works was founded in 1912 and is headquartered in Glenview, IL.“
“Illinois Tool Works History
In 1912, Chicago financier Byron Smith placed an ad in the Economist looking to provide capital to a “high class business (manufacturing preferred) in or near Chicago.” He turned down several initial offers, waiting for the right proposal. When a group of inventors with an idea to improve gear grinding came along, Illinois Tool Works was born. From these humble beginnings, the company endured the uncertainties of war and recessions, expanded into businesses across the globe, and transformed entire industries through simple yet ingenious solutions.”
*Information from Forbes.com and Itw.com
**Video published on YouTube by “ITW Dynatec“