Illinois Tool Works (ITW), Inc., Glenview, IL, has agreed to acquire mould release and coatings manufacturer Franklynn Industries, Inc.

Franklynn will become a part of ITW Performance Polymers, an international business group of ITW. The company will continue to operate at its current location in Loveland, OH, and at its other international locations. Franklynn supplies a wide range of mould release materials for a number of polymer sectors, including polyurethanes, with a specialty in water-based agents. Franklynn personnel will remain with the business.