ITW Ltd. U.K., through its ITW Fastex Security Products business located in Seaham, U.K., has designed and produced indicative security products for 30 years, selling primarily in the European marketplace. "There is a tremendous fit between the Envopak/Envoseal and Fastex businesses," said Mark Udelhofen, Vice President and General Manager of the ITW Security Products Group. "While the security seal product lines are largely complimentary, synergies between manufacturing, new product development and marketing will allow us to together provide solution driven products and services for our customers. The Envopak reusable security package concept also offers both companies a great opportunity for further innovative product development and growth in the near future. Envopak and Envoseal provide ITW with a stable and global foundation in the growing security products marketplace."

"With their significant financial resources and their 80/20 philosophy, ITW will help us to further focus our manufacturing capability and significantly expand our sales and marketing expertise," said Bob Kirby, Managing Director of Envopak Group Limited. "By adding the strength and reputation of the Envopak and Envoseal brands, catalog, website, and worldwide distribution network, we will greatly enhance ITW's market position and expansion programs," added Mark.

ITW is a $9.3 billion diversified manufacturer of highly engineered components and industrial systems and consumables. The company consists of approximately 600 decentralized operations in 43 countries and employs some 52,000 people.

SOURCE Illinois Tool Works Inc.