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  6. ITW Acquires Hobart Brothers Co.

M&A Deal Summary

ITW Acquires Hobart Brothers Co.

On May 19, 1995, ITW acquired machinery company Hobart Brothers Co.

Acquisition Highlights
  • This is ITW’s 2nd transaction in the Machinery sector.
  • This is ITW’s 3rd transaction in the United States.
  • This is ITW’s 1st transaction in Ohio.

M&A Deal Summary
Date 1995-05-19
Target Hobart Brothers Co.
Sector Machinery
Buyer(s) ITW
Deal Type Add-on Acquisition

Target

Hobart Brothers Co.

Troy, Ohio, United States
Hobart Brothers Co. is a maker of welding equipment.

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Buyer(S) 1

Buyer

ITW

Glenview, Illinois, United States
Category Company
Founded 1912
Sector Manufacturing
Employees44,000
Revenue 15.9B USD (2024)
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 3 of 48
Sector: Machinery M&A 2 of 10
Type: Add-on Acquisition M&A Deals 3 of 41
State: Ohio M&A 1 of 4
Country: United States M&A 3 of 31
Year: 1995 M&A 2 of 2
PREVIOUS 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).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-01 Unipac

Aurora, Ontario, Canada

Unipac Corp. is a producer of foil and plastic innerseals for packaging applications.

Buy -
Mergr

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