M&A Deal Summary

ITW Acquires Despatch Industries

On July 25, 2011, ITW acquired manufacturer Despatch Industries

Acquisition Highlights
  • This is ITW’s 6th transaction in the Manufacturing sector.
  • This is ITW’s 28th transaction in the United States.
  • This is ITW’s 3rd transaction in Minnesota.

M&A Deal Summary
Date 2011-07-25
Target Despatch Industries
Sector Manufacturing
Buyer(s) ITW
Deal Type Add-on Acquisition

Target

Despatch Industries

Minneapolis, Minnesota, United States
Despatch Industries, Inc., is a provider of thermal processing equipment for the solar, carbon fiber and other thermal technology markets. The company was founded in 1902 and is located in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

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 40 of 48
Sector (Manufacturing) 6 of 7
Type (Add-on Acquisition) 37 of 41
State (Minnesota) 3 of 3
Country (United States) 28 of 31
Year (2011) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-08 Teknek

Renfrew, United Kingdom

Teknek Ltd. a manufacturing solutions for the contact sheet cleaning and web cleaning solutions for the electronic and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Inatec

Langenfeld, Germany

Inatec GmbH, a specialist for adhesive and coating with years of experience. We offer hot melt and cold glue systems in conjunction.

Buy -
Mergr

Product

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