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 Packaging, Mergers & Acquisitions

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

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms...    More

Image

Bubbles add some flair to 'Plain Jane' PET bottles

December 17, 2014 1:05 pm ET

Ron Puvak and the folks over at Plastic Technologies Inc. see big things coming from some very tiny bubbles.    More

Image

Amcor unveils hot-fill PET jars that accept metal lug closures

December 17, 2014 8:47 am ET

Amcor Rigid Plastics has developed hot-fill PET jars that accept metal lug closures — which the company claims is a first for food packaging.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events