52

Countries
around the world

45000

Highly specialised
employees

19300

Granted & Pending Patents

15.932

Billion
2022 Total Revenue

itw

We are never, whether we know it or not, more than a few steps from an innovative ITW solution.

ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totalling $14.1 billion in 2019. ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses.

ITW Business Model

The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW operates in 53 countries, with approximately 45000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. We are proud of our broad portfolio of more than 18,000 granted and pending patents.

iTW chemin business model(1)

about iTW Chemin

ITW Chemin, a business unit of ITW Inc (NYSE: ITW) USA, offers a wide array of products – Mold Releases, Rust Preventive Chemicals, Metal Working Fluids, Precision Workholding Solutions, Structural Adhesives, Lubricants, Cleaners, Degreasers, Industrial Greases, Rust Inhibitors, and Automotive after-market products.

ITW Chemin, a business unit of ITW Inc (NYSE: ITW) USA, offers a wide array of products – Mold Releases, Rust Preventive Chemicals, Metal Working Fluids, Precision Workholding Solutions, Structural Adhesives, Lubricants, Cleaners, Degreasers, Industrial Greases, Rust Inhibitors, and Automotive after-market products.

Our History

During its nearly 100 years of existence, ITW’s recipe for success has been to focus on creating value-added products for key customers around the world. We do this by growing our business and making acquisitions that provide additional product solutions to our customers. We invite you to learn more about the history of our company.

In 1912, on the eve of World War I, Chicago financier Byron L. Smith placed an ad seeking an investment opportunity for “a growing manufacturing business. Together with forward-thinking businessmen formed a company to manufacture and sell metal-cutting tools and Illinois Tool Works was born.

Our Journey

1920's

ITW makes its first acquisition, Shakeproof Screw, and Nut Lock Company. The company’s innovative washers solve stubborn auto manufacturing problems, just as the industry is taking off.

1930's

Harold Byron Smith, the grandson of Byron L. Smith, joins the company and later succeeds his father, Harold C., as president. ITW continues to sell to markets with the hopes of diversifying the company.

1940's

ITW’s contributions during WWII include representation of the War Production Board and the development of a new timesaving wafer cutter to rifle heavy artillery barrels.

ITW first decentralizes its operations to better focus on specific markets—a strategy the company maintains today. The Shakeproof business moves its offices from Chicago to Elgin, Illinois. In its new location, Shakeproof begins manufacturing plastic fasteners and components.

1950's

To expand the success of Shakeproof’s plastic fastener and components lines beyond automotive applications, ITW forms Fastex to develop products for Defence & General Industrial sectors.

The division begins the production of electric switches and related products.

1960's

ITW’s performance has been consistently strong—each new decade has added significantly to the company’s growth. ITW started product development for the construction industry and became the only company in the world to produce fastening systems for wood, metal, and concrete/masonry applications.

ITW extends its global reach beyond the North American Market and enhanced beverage and packaging industries.

1970's

The 1970s saw the rapid growth of ITW’s manufacturing of components, fasteners, filters, and assemblies for automotive companies around the world, along with new capabilities to provide sealants, sorbent materials and other specialty chemical products used in industrial maintenance.

With the acquisition of Devcon, ITW takes a major step to solidify its ability to supply adhesives and epoxies for a variety of industrial applications.

1980's

In the 1980s, ITW began to significantly increase its acquisition activity and extend its reach. More than 36 acquisitions serving both existing and new markets were made. ITW enters several joint ventures domestically and internationally.

1990's

During the 1990s, acquisitions increased ITW’s presence in the important metal fabrication and welding markets. Approximately 100 worldwide acquisitions, including CS Packaging, DeVilbiss/Volstatic, Dynatec, Hobart Brothers Company, Miller Group, and Premark International, it becomes largest acquisitions in ITW’s history

2000's

ITW’s proven strategies of increasing market with product innovations, extending current products to new industries and acquiring businesses that improve customer offerings provide the foundation for continued success in the 21st century.