M&A Deal Summary

ITW Acquires Quipp

On March 27, 2008, ITW acquired machinery company Quipp for 8.5B USD

Acquisition Highlights
  • This is ITW’s 6th transaction in the Machinery sector.
  • This is ITW’s largest (disclosed) transaction.
  • This is ITW’s 20th transaction in the United States.
  • This is ITW’s 1st transaction in Florida.

M&A Deal Summary

Date 2008-03-27
Target Quipp
Sector Machinery
Buyer(s) ITW
Deal Type Add-on Acquisition
Deal Value 8.5B USD
Advisor(s) Cassel Salpeter & Co. (Financial)

Target

Quipp

Miami Lakes, Florida, United States
website
Quipp, Inc., designs, manufactures and markets material handling equipment and systems for the post-press operations of newspaper printing.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States

website


Category Company
Founded 1912
Sector Manufacturing
Employees45,000
Revenue 14.5B USD (2021)
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 28 of 48
Sector (Machinery) 6 of 10
Type (Add-on Acquisition) 26 of 41
State (Florida) 1 of 1
Country (United States) 20 of 31
Year (2008) 1 of 7
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-25 Densit ApS

Aalborg, Denmark

Densit ApS produces cement-based special-purpose materials used in the security industry, for wear protection, for industrial flooring and for reinforcement of offshore drilling rigs and offshore wind turbine foundations. The company also produces wear-resistant components, notably for the cement and power generating industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-28 Vitronics Soltec

Camdenton, Missouri, United States

Vitronics Soltec, Inc., a manufacturer of equipment, software and related services used in the soldering of printed circuit boards and the packaging of semiconductor devices.

Buy -