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Illinois Tool Works to acquire fasteners business for $450 million

2016-01-25 20:22:07| Industrial Machines - Topix.net

Illinois Tool Works Inc. of Glenview announced today that it has reached an agreement to acquire the engineered fasteners and components business from ZF TRW for about $450 million. EF&C, a global supplier of engineered fastening systems and interior technical components to the Automotive OEM market, generated revenues of approximately $470 million in 2015.

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Category:Industrial Goods and Services

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