ITW Acquired Hartness International (ITW)
Wed. November 04, 2009; Posted: 04:15 PM
Nov 04, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 11/4/2009 - Illinois Tool Works Inc. (NYSE:ITW) announced it has acquired the assets of Hartness International. The terms of the deal were not disclosed. Hartness International will be a wholly owned business unit of ITW and part of the company's consumer packaging group. ITW Executive Vice President Tim Gardner said, "Hartness International is an important strategic step to grow our consumer packaging business. This acquisition complements our existing businesses and will broaden our presence in the consumer packaging market. We will be able to offer our customers a wider range of products and solutions. Hartness is a well-managed, growing business focused on innovation and customer service."
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