ITW buys Germany's Meurer Group

Published: June 12, 2013 11:25 am ET
Updated: June 13, 2013 11:28 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging

Illinois Tool Works Inc. has purchased Meurer Group, a secondary packaging equipment supplier that serves the worldwide fast-moving consumer goods market.

Meurer, located in Furstenau, Germany, will become part of ITW's Global Packaging Solutions Group, itself part of the company's Consumer Packaging Segment, joining Hi-Cone, Hartness International and ITW Warehouse Automation.

The deal should be completed in July pending government approval. Terms were not disclosed.

In recent months, Glenview, Ill.,-based ITW has drawn more attention for its divestitures than its acquisitions.

ITW, a manufacturing conglomerate with businesses ranging from equipment manufacturing to consumables, has been reorganizing its operations and undergoing an enterprise-wide portfolio management initiative, according to SEC filings.

Last year, the company divested a majority interest in its Decorative Surfaces segment and sold four other businesses — two consumer packaging businesses, a packaging distribution business and a welding manufacturing business.

According to its 2013 first quarter report, ITW plans to divest two transportation related business, a machine components business, two construction distribution businesses and a chemical manufacturing business within the next year.

ITW is also reviewing its industrial packaging segment and may spin-off or sell that business, according to the report.

ITW reported sales of more than $17 billion in 2012, up slightly from the previous year.


Comments

ITW buys Germany's Meurer Group

Published: June 12, 2013 11:25 am ET
Updated: June 13, 2013 11:28 am ET

Post Your Comments


Back to story


More stories

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

Navigating the rough seas of selling your company

April 17, 2014 2:47 pm ET

For family owned plastics firms who survived the Great Recession, many wonder: Is it time to sell, retire and sip cocktails on the beach? Or, maybe...    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United States”...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events