M&A Deal Summary

Johns Manville Acquires ITW Insulation Systems

On November 21, 2019, Johns Manville acquired manufacturer ITW Insulation Systems from ITW

Acquisition Highlights
  • This is Johns Manville’s 1st transaction in the Manufacturing sector.
  • This is Johns Manville’s 2nd transaction in the United States.
  • This is Johns Manville’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-11-21
Target ITW Insulation Systems
Sector Manufacturing
Buyer(s) Johns Manville
Sellers(s) ITW
Deal Type Divestiture

Target

ITW Insulation Systems

Houston, Texas, United States
ITW Insulation Systems, Inc. is a provider of mechanical pipe insulation, vapor retarder and metal jacketing products designed to meet specifications for a wide range of commercial and industrial pipe and equipment projects. ITW Insulation Systems was founded in 2006 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Johns Manville

Denver, Colorado, United States
Category Company
Founded 1858
Sector Building Materials
Employees9,740
DESCRIPTION

JM has become synonymous with innovation and quality in the building and specialty materials industry. Johns Manville has focused on developing materials to make diverse environments stronger, more durable, and more energy efficient and comfortable. We manufacture premium-quality building and mechanical insulation, commercial roofing, glass fibers and nonwoven materials for commercial, industrial and residential applications

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Industrial Insulation Group

Brunswick, Georgia, United States

Industrial Insulation Group LLC is a manufacturer of insulation for industrial, commercial and fireproofing applications.

Buy -

Seller(S) 1

SELLER

ITW

Glenview, Illinois, United States
Category Company
Founded 1912
Sector Manufacturing
Employees45,000
Revenue 16.1B USD (2023)
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 12 of 14
Sector (Manufacturing) 1 of 1
Type (Divestiture) 11 of 13
State (Texas) 2 of 2
Country (United States) 10 of 12
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 National Service Center

Greenville, South Carolina, United States

National Service Center (NSC) specializes in the delivery of Point-of-Sale services to multi-unit retail and restaurant operators. NSC offers nationwide field repair, along with management and professional services for point-of-sale, digital signage, label printers, and a variety of other in-store IT technologies. National Service Center is based in Greenville, South South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Kester

Itasca, Illinois, United States

Kester, Inc. is a provider of assembly materials to the electronic assembly, component and micro-electronic marketplaces. Kester products include an array of basic and high-tech attachment materials including traditional soldering chemicals, bar, and wire solder and paste products. Kester, Inc. was founded in 1899 and is based in Itasca, Illinois.

Sell $68M
Mergr

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