ITW announces acquisition of Kester, Inc.
Jul 19, 2006
Illinois Tool Works Inc. (NYSE: ITW) announced that it has acquired all of the shares of Kester, Inc.. Terms of the transaction were not disclosed. With estimated 2006 revenues of $175 million, Kester has a strong worldwide presence. Currently, more than 40 percent of the company's revenues emanate from Asia. The remaining revenues are North American, European and South American based. ITW is a $12.8 billion in revenues diversified manufacturer of highly engineered components and industrial systems and consumables. The Company consists of approximately 700 business units in 48 countries and employs some 50,000 people. Web site: http://www.itw.com/
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