M&A Deal Summary

ITW Acquires Signode Industrial Group

On August 9, 1986, ITW acquired packaging company Signode Industrial Group for 550M USD

Acquisition Highlights
  • This is ITW’s 1st transaction in the Packaging sector.
  • This is ITW’s 2nd largest (disclosed) transaction.
  • This is ITW’s 1st transaction in the United States.
  • This is ITW’s 1st transaction in Illinois.
Investment Fate
  • Signode Industrial Group was divested to a financial buyer in 2014 for 3.2B USD.
  • Signode Industrial Group was divested to a strategic buyer in 2015 for 3.2B USD.
  • Signode Industrial Group was sold to a publicly-traded strategic buyer in 2017 for 3.9B USD.

M&A Deal Summary
Date 1986-08-09
Target Signode Industrial Group
Sector Packaging
Buyer(s) ITW
Deal Type Add-on Acquisition
Deal Value 550M USD

Target

Signode Industrial Group

Glenview, Illinois, United States
website
Signode Industrial Group, Inc. is a global manufacturer of steel and plastic strapping, stretch film and the application equipment and accessory products for each. Signode is the world's leading supplier of transit packaging systems and solutions, which consist of strap, stretch and protective packaging consumables and the application equipment and tooling for each. Based in Glenview, Illinois, Signode's global footprint includes operations in 40 countries across 6 continents, with sales to customers in approximately 60 countries.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States

website

Category Company
Founded 1912
Sector Manufacturing
Employees46,000
Revenue 15.9B USD (2022)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.

DEAL STATS #
Overall 1 of 48
Sector (Packaging) 1 of 3
Type (Add-on Acquisition) 1 of 41
State (Illinois) 1 of 4
Country (United States) 1 of 31
Year (1986) 1 of 1
Size (of disclosed) 2 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Loveshaw

South Canaan, United States

Loveshaw is the manufacturer of machinery for sealing corrugated boxes with tape and glue. Loveshaw also manufactures a line of ink jet printers designed to provide non-contact printing on porous surfaces (usually cartons).

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