Illinois Tool Works (ITW), a maker of adhesive and sealants for OEM and maintenance and repair, has acquired Hartford, CT-based Permatex, a maker of sealants, adhesives and other products for automotive after-market and industrial maintenance applications. ITW plans to retain the Permatex brand name and will make the unit a subsidiary of ITW Performance Polymers, which is based in Danvers, MA.
Permatex was founded in 1909 as a maker of shellac for bonding bicycle tires to their rims. Today, its range of products encompasses adhesives and sealants as well as hand cleaners, automotive appearance products and fuel additives.
ITW Acquires Permatex
Published August 11, 2005
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