Add-on Acquisition • Chemicals

ITW Acquires Franklynn Industries

On October 31, 2006, ITW acquired chemicals company Franklynn Industries

Acquisition Context
  • This is ITW’s 4th transaction in the Chemicals sector.
  • This is ITW’s 15th transaction in the United States.
  • This is ITW’s 3rd transaction in Ohio.

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M&A Deal Summary

Date October 31, 2006
Target Franklynn Industries
Sector Chemicals
Buyer(s) ITW
Deal Type Add-on Acquisition
Advisor(s) Prestwick Partners (Financial)

Target Company

Franklynn Industries

Loveland, Ohio, United States
Franklynn Industries, Inc. is a manufacturer and marketer of water based specialty functional coatings.
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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 17 of 48
Sector: Chemicals 4 of 5
Type: Add-on Acquisition 16 of 41
State: Ohio 3 of 4
Country: United States 15 of 31
Year: 2006 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-07 CFC International

Chicago Heights, Illinois, United States

CFC International, Inc. formulates, manufactures, and sells chemically-complex, transferable, multi-layer coatings for use in many diversified markets, such as holographic packaging and authentication seals, furniture and building products, pharmaceutical products and transaction cards (including credit cards, debit cards, ATM cards, and access cards), and intaglio printing.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Speedline Technologies

Franklin, Massachusetts, United States

Speedline Technologies, Inc., is a producer of manufacturing equipment and services for the printed circuit board and semiconductor packaging industries. Speedline's four core product lines - MPM®, Electrovert®, Accel®, and Camalot® - and its Protect services together provide a comprehensive product and service line for customers’ Surface Mount Technology (SMT) and Semiconductor Packaging requirements. Speedline has the largest installed base in the SMT industry, and its clients include many of the world's blue-chip electronics companies.

Buy -