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January 8, 2008

Illinois Tool Works Expands Foodservice Line

Illinois Tool Works Inc., Glenview, IL, has acquired Peerless Machinery Corp., Sidney, OH, a manufacturer and supplier of mixers, bread dividers, dough handlers, and other food processing equipment.
 
The Peerless Group will be a wholly owned unit of ITW and part of the company's existing food equipment group. ITW will continue to operate Peerless as a separate business under the Peerless brand name.
 
"Peerless has an excellent reputation in the industry and is a good fit in ITW's portfolio of food equipment businesses," said Marc Fooksman, a group president of ITW. "The acquisition of Peerless will help support the continued growth of the food equipment group, specifically in the wholesale baking industry."
 
ITW is a $14.1 billion diversified manufacturer of highly engineered components and industrial systems and consumables. The company consists of 750 business units in 49 countries.

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