Add-on Acquisition • Packaging

ITW Acquires Hwa Meir Packing Daily Commodities Co.

On September 19, 2007, ITW acquired packaging company Hwa Meir Packing Daily Commodities Co.

Acquisition Context
  • This is ITW’s 2nd transaction in the Packaging sector.
  • This is ITW’s 1st transaction in China.

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M&A Deal Summary

Date September 19, 2007
Target Hwa Meir Packing Daily Commodities Co.
Sector Packaging
Buyer(s) ITW
Deal Type Add-on Acquisition

Target Company

Hwa Meir Packing Daily Commodities Co.

China
Hwa Meir Packing Daily Commodities Co. Ltd., a manufacturer of air-evacuable storage bags. Hwa Meir manufactures special, primarily patented, air-evacuable bags and containers for reduced-space, home/travel storage, and organization.
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Buyer Overview 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 Context for Buyer #
Overall 25 of 48
Sector: Packaging 2 of 3
Type: Add-on Acquisition 24 of 41
Country: China 1 of 2
Year: 2007 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-31 Yellow Jacket

Douglasville, Georgia, United States

Yellow Jacket LLP is a provider of orbital lock-down stretch wrap technology for secure, safe and superior pack-to-ship performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-28 Avery Berkel

Smethwick, United Kingdom

Avery Berkel Ltd. is a manufacturer of retail scales and other food processing equipment for both the independent and multi-chain supermarkets.

Buy -

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