Founded in 1912, Illinois Tool Works is a multi-industrial manufacturing company operating in seven industry segments and employing approximately 46,000 people.
ITW produces adhesives and sealants and related products in two of its seven business segments. (The company declined to provide specific adhesives/sealants-related sales and other details.) Total revenue increased by 10% in 2022, to nearly $15.9 billion.
Among many other products, ITW’s Polymers & Fluids business produces industrial, construction, and consumer adhesives, as well as sealants. The division’s revenue of $1.9 billion accounted for 12% of ITW’s ’s total revenue in 2022. The division’s sales increased 6% over the prior year.
The Test & Measurement and Electronics division produces pressure-sensitive adhesives for applications in electronics, medical, transportation, and telecommunications (among many other products). Sales for that division increased by 20%, reaching $2.8 billion for the year. The division accounted for 18% of ITW’s overall 2022 sales.
No. 10 | Illinois Tool Works Inc.Glenview, Illinois
Chairman and CEO: E. Scott Santi
Sources: company website, annual report, press releases