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Illinois Tool Works Inc. or ITW is an American Fortune 200 [3] company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith and has built its growth on a "small-wins strategy" based on decentralization, simplicity, customer-focused innovation, and ...
- 1912; 111 years ago
- US$14.1B (2019)
- 45,000 (2019)
- Glenview, Illinois, U.S.
From a simple ad in The Economist to a Fortune 200 global multi-industry manufacturing leader. Like many companies founded in the early 1900s, ITW’s humble beginnings are attributed to a few individuals with a passion to invent and create something new. ITW’s founders believed that unleashing people’s creativity would make the company great.
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About Us. Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturing company with nearly 100 years of history delivering specialized expertise, innovative thinking and value-added products to meet critical customer needs in a variety of industries. ITW has approximately 840 decentralized business units in 57 countries that employee ...
About Illinois Tool Works Inc. (NYSE: ITW), is a Fortune 250 multinational manufacturer. Since our founding more than 100 years ago, ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. Operations in 55 countries. Founded in Chicago, IL, USA.
Illinois Tool Works Inc. In 1912, Byron L. Smith, along with his sons and several veterans of the tool-and-die industry from Rockford, Illinois, started a small company at Huron and Franklin Streets in Chicago. After Byron Smith died, in 1914, his son Harold guided the firm, which specialized at first in the production of metal-cutting tools.
- Illinois Tool Works Inc.
Illinois Tool Works Inc. (NYSE: ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required.
The ITW Business Model is a powerful source of competitive advantage. The ITW Business Model is a powerful and proprietary set of strategic, operational and cultural practices that have been in a state of continual development and evolution inside the company for over 30 years. It is ITW’s defining competitive advantage and it is the value we ...
