Illinois Tool Works, Inc.

Illinois Tool Works, Inc.

Illinois Tool Works, Inc.

Date Founded



155 Harlem Avenue,Glenview, IL 60025

Type of Company


Employees (Worldwide)



Industrial Machinery & Manufacturing
Other Consumer Durables
Tools & Hardware
Plastics & Synthetics
Paper Products

Company Description

Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment manufactures equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids. The Food Equipment segment supplies commercial food equipment and provides related services. The Polymers & Fluids segment provides adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. The Welding segment furnishes arc welding equipment, consumables and accessories for a wide array of industrial and commercial applications. The Construction Products segment makes construction fastening systems and truss products. The Specialty Products segment manufacturing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company was founded by Byron L. Smith in 1912 and is headquartered in Glenview, IL.

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Executives & Employees

Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Human Resources Officer & Senior Vice President

Chief Accounting Officer & Vice President

Executive Vice President, Performance Polymers & Fluids

Executive Vice President

Executive Vice President

Executive Vice President, Global Construction Products

Board of Directors

Chief Executive Officer at Illinois Tool Works, Inc.

Executive Chairman at Walgreens Boots Alliance, Inc.

Chief Marketing Officer at United Parcel Service, Inc.

Chairman & Founder at Susan Crown Exchange, Inc.

Group President, Global Merchant & Network Services at American Express Co.

Former General Counsel at Exelon Corporation

Executive Advisor Partner at Wind Point Partners

Treasurer at Civic Consulting Alliance

Executive Chairman at Radial, Inc.

General Counsel & Executive Vice President for Policy & Legal Affairs at Mutual Fund Directors Forum

Paths to Illinois Tool Works, Inc.
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Illinois Tool Works, Inc.
Owners & Shareholders
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State Farm® has been in the mutual funds business since 1968, managing funds then only available to employees and Agents. In 2001, State Farm Mutual Funds products and services became available to the public for the first time. Our main objective is to make each of our 15 State Farm Mutual Funds® a highly competitive and rewarding long-term investment for our shareholders. To help achieve this objective, we use an investment management structure that capitalizes on the unique strengths, focused attention, and knowledge of seasoned investment professionals in State Farm’s internal investment department. Because we offer a wide variety of funds, some outside the core knowledge of our internal investment department, we also have seven other highly-respected asset management organizations working for you. Each of our investment advisors provides well-known, long-established experts in their respective investment strategies and has beliefs and investment philosophies that are consistent with our own. State Farm Mutual Funds shareholders can feel confident that their investments are being managed in a responsible, conservative, and cost-effective manner consistent with a long-term perspective

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MFS Investment Management utilizes various investment techniques to implement its investment strategies, including, but not limited to, long and short-term purchases, short sales, margin transactions, options, and exchange-traded and over-the-counter derivatives or other methods to seek to achieve performance. They employ a variety of methods to evaluate securities, including fundamental and quantitative analysis. MFS Investment Management offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm's fundamental research expertise with highly systematic quantitative research.

Recent Transactions
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Illinois Tool Works, Inc., Stokvis Tape Group BV purchase Ads Propulsion BV from Avelingen Holding BV

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Illinois Tool Works, Inc., ITV Global Entertainment Ltd. purchase Blumhouse Productions LLC

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Illinois Tool Works, Inc. purchases TRW Automotive Holdings Corp. /Engg Fasteners & Comp Bus from Zeppelin-Stiftung der Stadt Friedrichshafen

Insider Transactions
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Transaction Advisors

Advised onIllinois Tool Works, Inc. purchases Premark International, Inc.

Legal Advisor

Advised onIllinois Tool Works, Inc. purchases Meurer Verpackungssysteme GmbH & Co. KG


Advised onAmer Sports Oyj purchases Precor, Inc. from Illinois Tool Works, Inc.


Advised onThe Carlyle Group LP purchases Illinois Tool Works, Inc. /Industrial Packaging Bus from Illinois Tool Works, Inc.


Advised onIllinois Tool Works, Inc. purchases Meurer Verpackungssysteme GmbH & Co. KG

Chair, Corporate Department

Advised onThe Carlyle Group LP purchases Illinois Tool Works, Inc. /Industrial Packaging Bus from Illinois Tool Works, Inc.

Advisors & Consultants
Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Partner at Winston & Strawn LLP


Principal at NAI Daus


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Our founder, George A. Hormel held a strong commitment to quality, which was based on providing his customers a superior product that would keep them coming back for more. This vision is kept alive with products that retain the quality and flavor of the first products he offered. Today, our innovative products are a flavorful part of breakfast, lunch, dinner, snacks and party solutions—all created with convenience in mind to accommodate the busy schedule of you and your family. From the beginning, George was concerned about waste and cleanliness in the process of making great food products. In keeping with his high standards, Hormel Foods has been recognized for quality, safety and employee training. As a responsible steward of the environment, we have set goals to reduce the impact we have on the environment we all share. In addition,Hormel Foods is active through the Hormel Foods Charitable Trust, which focuses its community giving on education, hunger and health. We invite you to become more familiar with the diverse array of wholesome and great-tasting foods that are part of the Hormel brand—as relevant, delicious and high-quality as ever.

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Key Stats and Financials As of 2018
Market Capitalization
Total Enterprise Value
Earnings Per Share
Net Profit
Total Debt
Total Equity
Enterprise Value Sales
Enterprise Value EBITDAOperating
TEVNet Income
Debt TEV
Three Year Compounded Annual Growth Rate Of Revenue
Five Year Compounded Annual Growth Rate Of Revenue
Non-Profit Donations & Grants
$5,000 - $10K
$100K - $250K
$2,500 - $4,999
Political Donations
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Goji Ltd. manufactures cooking ovens. It ovens uses radio waves for quick, precise and efficient cooking and is a global business with customers doing business on every major continent. The company was founded by Shlomo Ben-Haim in 2006 and is headquartered in Des Plaines, IL.

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Wilsonart International Holdings LLC manufactures and distributes pressure laminates, surfacing materials, and components. Its brands include Wilsonart, Resopal, Polyrey, Arborite, Lamin-Art, Ralph Wilson, and Durcon. The company was founded in 2012 and is headquartered in Austin, TX.

Prima Industrie SpA Industrial Machinery & Manufacturing | Collegno, TO

Prima Industrie SpA engages in the development, manufacture, and marketing of laser systems for industrial applications, sheet metal processing machinery, and industrial electronics and laser sources. It operates through the Prima Power and Prima Electro business segments. The Prima Power segment develops, manufactures, and markets cutting, welding, and punching machines for three-dimensional and two-dimensional metallic components; as well as sheet metal processing machines that use mechanical tools. The Prima Electro segment includes the development, construction, and sale of electronic power and control components; and high-power laser sources for industrial applications. The company was founded by Gianfranco Carbonato in 1977 and is headquartered in Collegno, Italy.

Helios Technologies, Inc. Industrial Machinery & Manufacturing | Sarasota, FL

Helios Technologies, Inc. engages in the development and manufacture of soolutions for both the hydraulics and electronics markets. It operates through the Hydraulics and Electronics segments. The Hydraulics segment provides screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems. The Electronics segment provides electronic control, display, and instrumentation solutions for recreational and off-highway vehicles and stationary and power generation equipment. The company was founded by Robert E. Koski and John Allen in 1970 and is headquartered in Sarasota, FL.

MPM Holdings, Inc. Holding Companies | Waterford, NY

MPM Holdings, Inc. is a holding company, which through its subsidiaries engages in production of silicones, silanes, products derived from quartz, and specialty ceramics. It operates through the following segments: Performance Additives, Formulated and Basic Silicones, and Quartz Technologies. The Performance Additives segment manufacture urethane additives, silicone fluids, and silanes. The Formulated and Basic Silicones segment produces coatings, electronic materials, elastomers, sealants, and basic silicone fluids focused on automotive, consumer goods, construction, electronics, and healthcare end-markets. The Quartz Technologies segment focuses in the development and manufacturing of fused quartz and non-oxide based ceramic powders and shapes. The company was founded on September 2, 2014 and is headquartered in Waterford, NY.

Lincoln Electric Holdings, Inc. Industrial Machinery & Manufacturing - Cleveland, OH

Lincoln Electric’s commitment to providing the most innovative, cost-effective, quality welding and cutting solutions is one that has guided our company for more than 100 years. This, coupled with our technological leadership and worldwide manufacturing and distribution resources, enables us to provide competent and reliable solutions for each of our customers.

ESAB India Ltd. Industrial Machinery & Manufacturing - Chennai, TN

ESAB India Ltd. engages in the manufacture and supply of welding and cutting products. It operates through the Consumables and Equipment segments. The Consumables segment offers welding electrodes, copper coated wires, flux cored wires, welding fluxes and related services. The Equipment segment offers welding machines, cutting equipment and related services. It markets its products to the shipbuilding, petrochemical, repair and maintenance, construction, transport, offshore and energy industries. The company was founded on November 10, 1987 and is headquartered in Chennai, India.

Awards & Honors
Rank #211
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #211
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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