Illinois Tool Works Inc. (ITW) is a multinational manufacturer of a diversified range of industrial products and equipment with operations in 58 countries. The Company operates in eight business segments: Transportation; Power Systems & Electronics; Industrial Packaging; Food Equipment; Construction Products; Polymers & Fluids; Decorative Surfaces, and All Other. The Company primarily serves the construction, general industrial, automotive, food institutional/restaurant and service, food and beverage, electronics, consumer durables, primary metals, and others markets. In March 2011, the Company acquired SOPUS Products' Car Care business. In July 2011, the Company acquired Despatch Industries. In April 2012, Graco Inc. acquired the Company’s finishing businesses. The acquisition includes complementary powder and liquid finishing equipment operations, technologies and brands. In powder finishing, Graco has added Gema, the Powder Finishing business, and approximately one-third of the purchase price is expected to be allocated to this business. In industrial liquid finishing, the acquisition includes Binks spray finishing equipment, DeVilbiss spray guns and accessories. Effective March 5, 2013, Illinois Tool Works Inc acquired Drahtzug Stein wire & welding GmbH & Co KG.
SWOT Analysis, is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective.
The aim of any SWOT analysis is to identify the key internal and external factors that are important to achieving the objective. SWOT analysis groups key pieces of information into two main categories:
Internal factors - The strengths and weaknesses internal to the organization. External factors - The opportunities and threats presented by the external environment.
The research analyzes Illinois Tool Works in a SWOT analysis and looks at the company’s strengths, weaknesses, opportunities and threats in this comprehensive research report.