Press Release
Illinois Tool Works Inc. Acquires PC Solder Business Vitronics Soltec
Glenview, Illinois – March 28, 2008
Illinois Tool Works Inc. (NYSE:ITW) today announced that it has acquired all of
the outstanding shares of VS Acquisition Holding Inc., the parent company of Vitronics
Soltec Corporation, a leading global manufacturer of equipment, software and related
services used in the soldering of printed circuit boards and the packaging of semiconductor
devices. Terms of the transaction were not disclosed.
VS Acquisition Holding Inc. will be a wholly owned business unit of ITW and part
of the company's existing power systems and electronics businesses. ITW will continue
to operate VS Acquisition Holding Inc. as a separate business under the Vitronics
Soltec brand name.
Vitronics Soltec Corporation is based in Stratham, New Hampshire, with affiliates
in Oosterhout, Holland and Suzhou, China. Direct sales and support centers are located
in the United States, Holland, Germany, Singapore, Malaysia, Korea and Shanghai.
ITW is a $16.2 billion in revenues diversified manufacturer of highly engineered
components and industrial systems and consumables. The company consists of approximately
825 business units in 52 countries and employs some 60,000 people.
To learn more, please visit www.vitronics-soltec.com
or www.itw.com.
SOURCE Illinois Tool Works Inc.
CONTACT: Alison Donnelly of Illinois Tool Works Inc., 1.847.657.4565, or adonnelly@itw.com
