Headquarters: Glenview, IL, United States
CEO: Mr. E. Scott Santi
USD as of April 1, 2022
Illinois Tool Works Inc., more simply known as ITW, is a diversified company producing automotive equipment, construction products, food equipment, polymers and fluids, specialty products, test and measurement electronics, and welding equipment. Founded in 1912, ITW has grown to operate in more than 50 countries around the world.
|Company||Market Cap (USD)|
|General Electric||$99.22 B|
|Schneider Electric SE||$94.34 B|
|3M Company||$88.77 B|
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. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
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. It was founded in 1912 by Byron L. Smith and has built its growth on a 'small-wins strategy' based on decentralization, operational excellence, simplicity, customer-focused innovation, and acquisitions. Today, it employs approximately 45,000 people in hundreds of businesses across 53 countries, and is based in Glenview, Illinois, a suburb of Chicago. ITW has more than 18,000 granted and pending patent applications worldwide. The company typically ranks in the top 100 of patent issuers in the U.S.
Source: Wikipedia, retrieved on March 31, 2022, 8:59 p.m.
Founder(s): Byron L. Smith
E. Scott Santi (CEO)
Revenue: US$14.1B (2019)