ITW buys Germany's Meurer Group

By Jessica Holbrook

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

Related to this story

Topics Mergers & Acquisitions Packaging
Companies & Associations

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

By Jessica Holbrook

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

Post Your Comments


Back to story


More stories

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc.,...    More

Image

Proposed Cardia-Stellar merger labeled 'not fair,' but still 'reasonable'

March 20, 2015 10:34 am ET

If the proposed merger of two Australian bioplastics companies goes ahead, the new company will be called Secos Group Ltd. and have annual sales of...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising l...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events