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Illinois Tool Works Inc. is a global manufacturer of diversified industrial products serving various sectors.
Illinois Tool Works Inc. (ITW) is a global manufacturer specializing in a diversified range of industrial products and equipment. Founded in 1912, ITW operates 84 divisions across 51 countries and provides solutions across seven core segments, including Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. Their products range from components and fasteners for automobiles to advanced food processing equipment, innovative welding solutions, and specialty adhesives designed for various industrial applications.
The company employs a distinctive business model characterized by its 80/20 Front-to-Back process, which streamlines operations by focusing on the most lucrative aspects of its business. ITW leverages customer-backed innovation to create differentiated products that meet complex customer needs. As part of its strategic framework, it seeks sustainable differentiation and organic growth in industries where it can maintain significant competitive advantages, making it resilient in a fluctuating market landscape.
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