About Business
Illinois Tool Works is a US-based manufacturing company that was formed in 1912 by Byron L. Smith and headquartered in Glenview, Illinois, United States. It provides equipment & consumable systems, engineered fasteners, and specialty products. The company had more than 45,000 working employees in 2019. Illinois Tool Works also has expanded its business to about 53 countries. It has about 18,000 granted & pending patents all over the world and ranks high among the top US companies.? Illinois Tool Works owns numerous subsidiaries, such as Hobart, Paslode, Brooks Instrument, Foster Refrigerator, Miller Electric, and Permatex adhesives. Also, it was accused of illegally exporting chemicals to Brazil and many other countries without a license. The United States Department of Commerce put a civil penalty of $142,000 in 2000. The company agreed to settle the case by paying $37,000.?
