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The History of ITW
During its nearly 100 years of existence, ITW's recipe for success has been focused on creating value-added products for key customers around the world. We do this by growing our business and making acquisitions that provide additional product solutions to our customers. We invite you to learn more about the history of our company.
The beginning
In 1912, on the eve of World War I, Chicago financier Byron L. Smith placed an ad seeking an investment opportunity for “a growing manufacturing business.” Four men answered: Frank W. England, Paul B. Goddard, Oscar T. Hogg and Carl G. Olson. Together, these forward-thinking businessmen formed a company to manufacture and sell metal-cutting tools.
Today
With $15.9 billion in revenues, ITW is a multinational manufacturer of a diversified range of value-adding and short lead-time industrial products and equipment. The Company consists of 875 business units in 54 countries and employs some 65,000 people.
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