ITW Performance Polymers Acquires Permatex
Illinois Tool Works recently acquired Permatex, Inc., a well-known producer of sealants, adhesives and other products for the worldwide automotive aftermarket and the industrial maintenance and repair market. Founded in 1909 to sell shellac for bonding bicycle tires to their rims, Permatex soon entered the automobile maintenance market, using professional auto racing to prove the performance and promote sales of its gasket cements and threadlocking adhesives. The company's extensive product line includes Permatex adhesives and sealants, Fast Orange hand cleaners, No-Touch automotive appearance products, and NOS performance-enhancing fuel additives. Permatex will become a subsidiary of ITW Performance Polymers and the Permatex brand name will be retained.