Parent Company ITW
In 1912 Chicago businessman Byron L. Smith and four other forward-thinking
businessmen started a company to manufacture and sell metal-cutting
tools. That company became Illinois Tool Works (ITW). Today, ITW
is a Fortune 200 company with its corporate headquarters in Glenview,
IL. ITW has 750 decentralized business units in 49 countries and
employs approximately 55,000 men and women who are focused on creating
value-added products and innovative customer solutions. The dedication
of our people is the basis for our success and longevity.
During it’s nearly 100 years of existence, ITW’s recipe
for success has been focused 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. ITW’s proven strategies of increasing market
penetration 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.