GLENVIEW, IL — Contamination control specialty products maker The Texwipe Company will be acquired by Illinois Tool Works, Inc. under a new deal.
Officials say the acquisition will close by the end of June. Terms of the deal were not disclosed, however Texwipe founder Edward Paley said the company will continue to grow.
“We are excited to be a part of the ITW team and look forward to continuing our programs in contamination control supplies, expanding our product offerings in process materials and broadening our global reach with access to ITWs resources,” Paley said. “Texwipe’s customers and employees will benefit from the financial strength and operational breadth that ITW brings to our company.”
Texwipe manufactures contamination control supplies and process materials used in manufacturing environments for a number of markets including semiconductor, data storage, medical device, pharmaceutical, biotechnology, food processing, fiber-optic, aerospace and automotive. The company’s products include swabs, wipers, sterile and non-sterile cleaning solutions, mops, face masks, stationary, PVA brushes and tape substrates.
ITW, a manufacturer of engineered components and industrial systems, employs 55,000 worldwide.