M&A Deal Summary

ITW Acquires Densit ApS

On October 25, 2007, ITW acquired building materials company Densit ApS from FLSmidth & Co. A/S

Acquisition Highlights
  • This is ITW’s 2nd transaction in the Building Materials sector.
  • This is ITW’s 1st transaction in Denmark.

M&A Deal Summary

Date 2007-10-25
Target Densit ApS
Sector Building Materials
Buyer(s) ITW
Sellers(s) FLSmidth & Co. A/S
Deal Type Divestiture

Target

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.

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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 27 of 48
Sector: Building Materials M&A 2 of 4
Type: Divestiture M&A Deals 1 of 6
Country: Denmark M&A 1 of 1
Year: 2007 M&A 7 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-27 Quipp

Miami Lakes, Florida, United States

Quipp, Inc., designs, manufactures and markets material handling equipment and systems for the post-press operations of newspaper printing.

Buy $8.5B

Seller(S) 1

SELLER

FLSmidth & Co. A/S

Copenhagen, Denmark

Category Company
Founded 1882
Sector Machinery
DESCRIPTION

FLSmidth & Co. A/S is a supplier of equipment and services to the global cement and minerals industries. FLSmidth supplies everything from single machinery to complete cement plants and minerals processing facilities including services before, during and after the construction.


DEAL STATS #
Overall 8 of 14
Sector: Building Materials M&A 5 of 7
Type: Divestiture M&A Deals 6 of 12
Country: Denmark M&A 5 of 9
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-20 Laperrière & Verreault Process Division

Canada

Laperrière & Verreault Process Division is a provider of separation technology for the metal and minerals industries.

Buy CA$983M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-16 Pneumapress Filter

Richmond, California, United States

Pneumapress Filter Corp. is a fully automatic pressure filtration and drying technology. Pneumapress designs, manufactures, markets and services a broad range of automatic pressure filters.

Buy $18M