Add-on Acquisition • Chemicals

ITW Acquires Schnee-Morehead

On December 13, 2005, ITW acquired chemicals company Schnee-Morehead

Acquisition Context
  • This is ITW’s 2nd transaction in the Chemicals sector.
  • This is ITW’s 10th transaction in the United States.
  • This is ITW’s 1st transaction in Texas.

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M&A Deal Summary

Date December 13, 2005
Target Schnee-Morehead
Sector Chemicals
Buyer(s) ITW
Deal Type Add-on Acquisition

Target Company

Schnee-Morehead

Irving, Texas, United States
Schnee-Morehead, Inc. is a manufacturer of adhesives and sealants for the construction and aerospace industries.
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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 12 of 48
Sector: Chemicals 2 of 5
Type: Add-on Acquisition 11 of 41
State: Texas 1 of 2
Country: United States 10 of 31
Year: 2005 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-11 Instron

Norwood, Massachusetts, United States

Instron Corp. manufactures and markets material testing instruments, software, and accessories to evaluate mechanical properties of materials and components. It offers automated specimen handling, impact, structural testing, creep and stress-rupture, thermal, dynamic and fatigue, multi-axial, torsion, electromechanical, rheology, upgrade, and static hydraulic systems, as well as materials testing software and hardness testers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-18 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.

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