Illinois Tool Works

Illinois Tool Works Inc. or ITW is an American Fortune 200 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith.

Illinois Tool Works Inc.

Type	Public company
Traded as	NYSE: ITW S&P 500 Component
ISIN	US4523081093
Industry	Manufacturing
Founded	1912 (1912)
Founder	Byron L. Smith
Headquarters	Glenview, Illinois, U.S.
Area served	Worldwide
Key people	E. Scott Santi (CEO)
Revenue	US$14.1B (2019)[1]
Number of employees	45,000 (2019)[2]
Website	ITW.com

Today, it employs approximately 45,000 people[3] in hundreds of businesses across 53 countries,[4] and is based in Glenview, Illinois, a suburb of Chicago, Illinois.

ITW has more than 18,000 granted and pending patent applications worldwide[4]. The company typically ranks in the top 100 of patent issuers in the U.S.

ITW subsidiaries

ITW comprises a number of subsidiaries. Notable brands include Hobart, Miller Electric, Paslode, Foster Refrigerator,[5] and the Wolf Range Company. In August 2018, U.S. Tax Court Judge Albert G. Lauber determined that ITW owed no tax on over $356 million in repatriated funds from its foreign subsidiaries because the transactions had been sufficiently structured as debt.[6]

The following is a list of ITW subsidiaries:

• 00792620
• A V Co 1 Limited
• A V Co 2 Limited
• A V Co 3 Limited
• Accessories Marketing Holding Corp.
• ACCU-LUBE Manufacturing GmbH - Schmiermittel und -geräte
• Advanced Molding Company, Inc.
• AIP/BI Holdings, Inc.
• Allen Coding GmbH
• Allen France SAS
• Alpine Automation Limited
• Alpine Holdings, Inc.
• Alpine Systems Corporation
• Anaerobicos S.r.l.
• AppliChem GmbH
• AppliChem, Inc.
• Arylux Hungary Elektromechanikus Alkatreszgyarto Kft
• Avery Berkel France
• Avery India Limited
• Avery Malaysia Sdn Bhd
• Avery Weigh-Tronix (Suzhou) Weighing Technology Co. Ltd.
• Avery Weigh-Tronix Finance Limited
• Avery Weigh-Tronix Holdings Limited
• Avery Weigh-Tronix Holdings Limited
• Avery Weigh-Tronix International Limited
• Avery Weigh-Tronix Limited
• Avery Weigh-Tronix Properties Limited
• Avery Weigh-Tronix, LLC
• B.C. Immo
• Beijing Miller Electric Manufacturing Co. Ltd.
• Berkel (Ireland) Limited
• Berrington UK
• Brapenta Eletronica Ltda.
• Brooks Instrument (Shanghai) Co. Ltd
• Brooks Instrument B.V.
• Brooks Instrument GmbH
• Brooks Instrument KFT
• Brooks Instrument Korea, Ltd.
• Brooks Instrument LLC
• Buell Industries, Inc.
• Calvia Spolka z Ograniczona Odpowiedzialnosci
• Capital Ventures (Australasia) S.à r.l
• CAPMAX Logística S.A. de C.V.
• Capmax Logistica, S.A. de C.V.
• CCI Realty Company
• Celeste Industries Corporation
• Cetram Pty Limited
• CFC Europe GmbH Germany
• Coeur (Shanghai) Medical Appliance Trading Co., Ltd
• Coeur Asia Limited
• Coeur Holding Company
• Coeur, Inc.
• Compagnie de Materiel et d'Equipements Techniques-Comet
• Compagnie Hobart
• Constructions Isothermiques Bontami C.I.B.
• CS (Australia) Pty Limited
• CS (Finance) Europe S.a.r.l.
• CS Mexico Holding Company S DE RL DE CV
• CSMTS LLC
• Densit Asia Pacific Sdn Bhd
• Diagraph Corporation Sdn. Bhd
• Diagraph ITW Mexico, S. de R.L. De C.V.
• Diagraph México, S.A. DE C.V.
• Dongguan Ark-Les Electric Components Co., Ltd.
• Dongguan CK Branding Co., Ltd.
• Dorbyl U.K. (Holdings) Limited
• Duo Fast de Espana S.A.U.
• Duo-Fast Korea Co. Ltd.
• Duo-Fast LLC
• E.C.S. d.o.o.
• ECS Cable Protection Sp. Zoo
• Elga Skandinavian AS
• ELRO (Holding) AG
• ELRO Grosskuchen GmbH
• ELRO Grosskuchen GmbH
• ELRO-WERKE AG
• Eltex-Elektrostatik-Gesellschaft mit beschränkter Haftung
• Envases Multipac, S.A. de C.V.
• Eurotec Srl
• Fasver
• FEG Investments L.L.C.
• Filtertek
• Filtertek De Mexico Holding Inc.
• Filtertek De Mexico, S.A. de C.V.
• Gamko B.V.
• GC Financement SA
• Gun Hwa Platech (Taicang) Co. Ltd.
• Hobart (Japan) K.K.
• Hobart Andina S.A.S.
• Hobart Foster Belgium
• Hobart Brothers International Chile Limitada
• Hobart Brothers LLC
• Hobart Dayton Mexicana, S. de R.L. de C.V.
• Hobart Food Equipment Co., Ltd.
• HOBART Gesellschaft mit beschränkter Haftung
• Hobart International (Singapore) Pte. Ltd.
• Hobart Korea LLC
• Hobart LLC
• Hobart Nederland B.V.
• Hobart Sales & Service, Inc.
• Hobart Scandinavia ApS
• Hobart Techniek B.V.
• Horis
• Ideal Molding Technologies LLC
• ILC Investments Holdings Inc.
• Illinois Tool Works (Chile) Limitada
• Illinois Tool Works (ITW) Nederland B.V.
• Illinois Tool Works Norway AS
• Impar Comercio E Representacoes Ltda.
• Industrie Plastic Elsässer GmbH
• Inmobiliaria Cit., S.A. de C.F.
• Innova Temperlite Servicios, S.A. de C.V.
• Innovación y Transformación Automotriz, S.A. de C.V.
• Instron (Shanghai) Ltd.
• Instron (Thailand) Limited
• Instron Brasil Equipamentos Cientificos Ltda.
• Instron Foreign Sales Corp. Limited
• Instron France S.A.S.
• Instron GmbH
• Instron Holdings Limited
• Instron International Limited
• Instron Japan Company, Ltd.
• Instron Korea LLC
• International Leasing Company LLC
• International Truss Systems Proprietary Limited
• Isolenge - ITW Sistemas de Isolamento Termico Ltda.
• ITW (China) Investment Company Limited
• ITW (Deutschland) GmbH
• ITW (EU) Holdings Ltd.
• ITW (European) Finance Co. Ltd.
• ITW (European) Finance II Co. Ltd.
• ITW (Ningbo) Components & Fastenings Systems Co., Ltd.
• ITW AEP LLC
• ITW Aircraft Investments Inc.
• ITW Airport Ground Equipment (Beijing) Co. Ltd.
• ITW Alpha Sárl Luxembourg
• ITW Ampang Industries Philippines, Inc.
• ITW AOC, LLC
• ITW Appliance Components d.o.o.
• ITW Appliance Components EOOD
• ITW Appliance Components LLC
• ITW Appliance Components S.r.l.a
• ITW Appliance Components, S.A. de C.V.
• ITW Australia Holdings Pty Ltd
• ITW Australia Property Holdings Pty Ltd.
• ITW Australia Pty Ltd
• ITW Automotive Components (Chongqing) Co. Ltd.
• ITW Automotive Components (Langfang) Co., Ltd.
• ITW Automotive Japan K.K.
• ITW Automotive Korea, LLC
• ITW Automotive Parts (Shanghai) Co. Ltd
• ITW Automotive Products GmbH
• ITW Automotive Products México, S. de R.L. de C.V.
• ITW Bailly Comte
• ITW Befestigungssysteme GmbH
• ITW Belgium
• ITW Brazilian Nominee L.L.C.
• ITW Building Components Group Inc.
• ITW Canada Inc.
• ITW Celeste Inc.
• ITW CER
• ITW Chemical Products Ltda
• ITW Chemical Products Scandinavia ApS
• ITW Colombia S.A.S.
• ITW Construction Products (Shanghai) Co. Ltd.
• ITW Construction Products (Singapore) Pte. Ltd.
• ITW Construction Products AB
• ITW Construction Products ApS
• ITW Construction Products AS
• ITW Construction Products CZ s.r.o.
• ITW Construction Products Italy Srl
• ITW Construction Products OU
• ITW Construction Products OY
• ITW Contamination Control (Wujiang) Co., Ltd.
• ITW Contamination Control B.V.
• ITW Covid Security Group Inc.
• ITW CP Distribution Center Holland BV
• ITW CS (UK) Ltd.
• ITW de France
• ITW DelFast do Brasil Ltda.
• ITW Delta Sárl
• ITW Denmark ApS
• ITW do Brasil Industrial e Comercial Ltda.
• ITW DS Investments Inc.
• ITW Dynatec
• ITW Dynatec Adhesive Equipment (Suzhou) Co. Ltd.
• ITW Dynatec GmbH
• ITW Dynatec Kabushiki Kaisha
• ITW EF&C France SAS
• ITW EF&C Selb GmbH
• ITW Electronic Business Asia Co., Limited
• ITW Electronic Components/Products (Shanghai) Co., Ltd.
• ITW Electronics (Suzhou) Co., Ltd.
• ITW Epsilon Sárl
• ITW Espana S.A.
• ITW Fastener Products GmbH
• ITW FEG do Brasil Industria e Comercio Ltda.
• ITW FEG Hong Kong Limited
• ITW Finance Designated Activity Company
• ITW Finance Europe S.A.
• ITW Finance Europe S.A.
• ITW Fluids and Hygiene Solutions Ltda.
• ITW Food Equipment Group LLC
• ITW Gamma Sárl
• ITW German Management LLC
• ITW GH LLC
• ITW Global Investments Holdings LLC
• ITW Global Investments Holdings Y Compañia, Sociedad en Comandita por Acciones
• ITW Global Investments II Inc.
• ITW Global Investments LLC
• ITW Global Tire Repair Europe GmbH
• ITW Global Tire Repair Inc.
• ITW Global Tire Repair Japan K.K.
• ITW Graphics (Thailand) Ltd.
• ITW Graphics Asia Limited
• ITW Graphics Italy S.R.L. in liquidazione
• ITW Great Britain Investment & Licensing Holding Company
• ITW Group France (Luxembourg) S.àr.l.
• ITW GSE ApS
• ITW GSE Inc.
• ITW haubold Paslode GmbH
• ITW HLP Thailand Co. Ltd.
• ITW Holding Quimica B.C., S.L., Sole Shareholder Company
• ITW Holdings Australia L.P.
• ITW Holdings I Limited
• ITW Holdings II Limited
• ITW Holdings III Limited
• ITW Holdings Inc.
• ITW Holdings IV Limited
• ITW Holdings IX Limited
• ITW Holdings LP
• ITW Holdings UK
• ITW Holdings V Limited
• ITW Holdings VI Limited
• ITW Holdings VII Limited
• ITW Holdings VIII Limited
• ITW Hungary Finance Beta Kft
• ITW ILC Holdings I Inc.
• ITW Imaden Industria e Comercio Ltda.
• ITW India Private Limited
• ITW International Holdings LLC
• ITW International Intellectual Property LLC
• ITW Invest Holding GmbH
• ITW IPG Investments LLC
• ITW Ireland Holdings Unlimited Company
• ITW Ireland Unlimited Company
• ITW Italy Finance Srl
• ITW Italy Holding Srl
• ITW Japan Ltd.
• ITW Korea LLC
• ITW Limited
• ITW LLC & Co. KG
• ITW Lombard Holdings Inc.
• ITW Lys Fusion S.r.l.
• ITW M FILMS II LLC
• ITW Marking & Coding (Shanghai) Co., Ltd.
• ITW Medical Group de Mexico S. de R.L. de C.V.
• ITW Meritex Sdn. Bhd.
• ITW Metal Fasteners, S.L.
• ITW Mexico Holding Company S. De R.L. de C.V.
• ITW Mexico Holdings LLC
• ITW MH LLC
• ITW Morlock GmbH
• ITW Mortgage Investments II, Inc.
• ITW Mortgage Investments III, Inc.
• ITW Mortgage Investments IV, Inc.
• ITW Netherlands Beta B.V.
• ITW Netherlands Finance Alpha BV
• ITW New Universal LLC
• ITW New Zealand New
• ITW Novadan Sp. Z.o.o.
• ITW Packaging Technology (China) Co. Ltd.
• ITW Participations S.à r.l.
• ITW Pension Funds Trustee Company
• ITW Performance Plastic (Shanghai) Co. Ltd.
• ITW Performance Polymers & Fluids Japan Co. Ltd.
• ITW Performance Polymers & Fluids Korea Limited
• ITW Performance Polymers & Fluids OOO
• ITW Performance Polymers (Wujiang) Co., Ltd.
• ITW Performance Polymers and Fluids Group FZE
• ITW Performance Polymers ApS
• ITW Peru S.A.C.
• ITW Philippines Holdings LLC
• ITW Poly Mex, S. de R.L. de C.V.
• ITW Polymers Sealants North America Inc.
• ITW PPF Brasil Adesivos Ltda.
• ITW Pronovia s.r.o.
• ITW Pte. Ltd.
• ITW Qufu Automotive Cooling Systems Co. Ltd.
• ITW Real Estate Germany GmbH
• ITW Residuals III L.L.C.
• ITW Residuals IV L.L.C.
• ITW Rivex
• ITW Simco-Ion (Shenzhen) Co. Ltd.
• ITW Slovakia s.r.o.
• ITW SMPI
• ITW Spain Holdings, S.L.
• ITW Specialty Film, LLC
• ITW Specialty Films France
• ITW Specialty Materials (Suzhou) Co., Ltd.
• ITW SPG México, S. de R.L. de C.V.
• ITW Spraytec
• ITW Sverige AB
• ITW Sweden Holding AB
• ITW Test & Measurement Equipment (Shanghai) Co., Ltd
• ITW Test & Measurement
• ITW Test and Measurement Italia Srl
• ITW Test and Measurement Services Industry and Trade Ltd.
• ITW Texwipe Philippines, Inc.
• ITW Thermal Films (Shanghai) Co., Ltd.
• ITW UK
• ITW UK Finance Beta Limited
• ITW UK Finance Delta Limited
• ITW UK Finance Gamma Limited
• ITW UK Finance Limited
• ITW UK II Limited
• ITW Universal II LLC
• ITW Welding
• ITW Welding AB
• ITW Welding GmbH
• ITW Welding Products B.V.
• ITW Welding Products Group FZE
• ITW Welding Products Group, S. DE R.L. De C.V.
• ITW Welding Products Italy Srl
• ITW Welding Products Limited Liability Company
• ITW Welding Produtos Para Solgdagem Ltda.
• ITW Welding Servicios Mexico, S. de R.L. de C.V.
• ITW Welding Singapore Pte. Ltd.
• KCPL Mauritius Holdings
• Kleinmann GmbH
• Krafft Argentina, S.A.
• Krafft, S.L.
• Lock Inspection Systemes France Sarl
• Loma Systems (Canada) Inc.
• Loma Systems BV
• Loma Systems sro
• Lombard Pressings Limited
• Lumex, Inc.
• Luvex - Industria De Equipamentos De Protecao Ltda.
• Lys Fusion Poland Sp. z.o.o.
• M&C Specialties (Shenzhen) Co. Ltd.
• M&C Specialties Co.
• Magna Industrial Co. Limited
• MAGNAFLUX GmbH
• Manufacturing Avancee S.A.
• MEHB Holdings Limited
• Meritex Technology (Suzhou) Co. Ltd.
• Meurer Verpackungssysteme GmbH
• MGHG Property LLC
• Miller Electric Mfg. LLC
• Miller Insurance Ltd.
• NDT Holding LLC
• Norden Olje AB
• North Star Imaging Europe
• North Star Imaging, Inc.
• Nova Chimica, S.r.l.
• Novadan ApS
• Odesign, Inc.
• Orbitalum Tools GmbH
• Pacific Concept Industries Limited (Enping)
• Panreac Quimica, S.L.
• Paslode Fasteners (Shanghai) Co., Ltd.
• Penta Dnepr LLC
• Penta Sever OOO
• Penta Volga OOO
• PENTA-91 OOO
• PR. A. I. Srl
• Premark FEG L.L.C.
• Premark HII Holdings LLC
• Premark International, LLC
• Prolex, Sociedad Anónima
• PT ITW Construction Products Indonesia
• QSA Global, Inc.
• Quimica Industrial Mediterranea, S.L.
• Ramset Fasteners (Hong Kong) Ltd.
• Rapid Cook LLC
• Refrigeration France
• S.E.E. Sistemas Industria E Comercio Ltda.
• Salter India Limited
• Sealant Systems International, Inc.
• Sentinel Asia Yuhan Hoesa
• Shanghai ITW Plastic & Metal Co. Ltd
• Simco (Nederland) B.V.
• Simco Japan, Inc.
• Société de Prospection et d’Inventions Techniques – SPIT
• Speedline Holdings I, Inc.
• Speedline Holdings I, LLC
• Speedline Technologies GmbH
• Speedline Technologies Mexico Services, S. de R.L. de C.V.
• Speedline Technologies Mexico, S. de R.L. de C.V.
• ST Mexico Holdings LLC
• Stokvis Celix Portugal Unipessoal LDA
• Stokvis Danmark ApS
• Stokvis Holdings S.A.R.L.
• Stolvis Holdings II S.A.R.L.
• Stokvis Promi s.r.o
• Stokvis Prostick Tapes Private Limited
• Stokvis Tape Group B.V.
• Stokvis Tapes (Hong Kong) Co. Limited
• Stokvis Tapes (Shanghai) Co. Ltd.
• Stokvis Tapes (Shenzhen) Co. Ltd.
• Stokvis Tapes (Taiwan) Co. Ltd.
• Stokvis Tapes (Tianjin) Co. Ltd.
• Stokvis Tapes Benelux B.V.
• Stokvis Tapes BVBA
• Stokvis Tapes Deutschland GmbH
• Stokvis Tapes France
• Stokvis Tapes Italia s.r.l.
• Stokvis Tapes Limited
• Stokvis Tapes Limited Liability Company
• Stokvis Tapes Norge AS
• Stokvis Tapes Oy
• Stokvis Tapes Polska Sp Z.O.O.
• Stokvis Tapes Sverige AB
• Tarutin Kester Co., Ltd.
• Technopack Industria, Comercio, Consultoria e Representacoes Ltda.
• Teknek (China) Limited
• Teknek (Japan) Limited
• Teksaleco Ltd.
• Thirode Grandes Cuisines Poligny
• Tien Tai Electrode (Kunshan) Co., Ltd.
• Tien Tai Electrode (Qingdao) Co., Ltd.
• Tien Tai Electrode Co., Ltd.
• Unichemicals Industria e Comercio Ltda.
• US Finance Gamma LLC
• Valeron Strength Films B.V.B.A.
• Veneta Decalcogomme S.r.l.
• Versachem Chile S.A.
• Vesta (Guangzhou) Catering Equipment Co. Ltd
• Vesta Global Limited
• Vitronics Soltec B.V.
• VR-Leasing Sarita GmbH & Co. Immobilien KG
• VS European Holdco BV
• Wachs Canada Ltd.
• Wachs Subsea LLC
• Weigh-Tronix Canada, ULC
• Weigh-Tronix UK Limited
• Wilsonart International Holdings LLC
• Wujiang Advanced Cleaning Co., Ltd.
• Wynn Oil (South Africa) (Pty) Ltd.
• Wynn's Automotive France
• Wynn's Belgium BVBA
• Wynn's Italia Srl
• Wynn's Mekuba India Pvt Ltd
• Zip-Pak International B.V.

Illegal exports

The United States Department of Commerce imposed a $142,000 civil penalty on Illinois Tool Works in 2000, to settle allegations that the company illegally exported chemicals to Brazil on seven occasions between March 1994 and October 1997 without the required licenses and making false or misleading statements on Shipper's Export Declarations. Illinois Tool Works agreed to pay the penalty. $37,000 was suspended as part of the settlement. The chemicals exported can be used for commercial purposes and in the making of chemical weapons as well.[7]

References

1. investor.itw.com
2. https://www.itw.com
3. "Illinois Tool Works". ITW.com. Retrieved 2018-11-23.
4. "ITW website". ITW. Retrieved 2016-08-04.
5. "Commercial Refrigeration Equipment | Commercial Fridges and Freezers". Foster Refrigerator. Retrieved 2012-09-23.
6. Note, Recent Case: Tax Court Holds in Favor of Taxpayer on Loan Between Foreign Subsidiaries, 132 Harv. L. Rev. 2378 (2019).
7. "U. S. Bureau of Industry and Security - Illinois Company Settles Charges of Unlawful Exports of Chemicals". Bis.doc.gov. 2000-05-02. Archived from the original on March 20, 2012. Retrieved 2012-09-23.

External links

• Official website

• Business data for Illinois Tool Works:
  • Google Finance
  • Yahoo! Finance
  • SEC filings