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In The News:

Illinois Tool Works to Expand Automotive Aftermarket Portfolio

Illinois Tool Works Inc. (NYSE: ITW), Glenview, IL, has agreed to buy Shell SOPUS Products' car care business, an automotive aftermarket consumer products portfolio.

SOPUS Products' Car Care business includes the appearance and performance chemical and windshield wiper blade brands of Pennzoil-Quaker State Company dba SOPUS Products, a subsidiary of Shell Oil Company.

SOPUS Products' Car Care business includes Rain-X, Black Magic and Gumout.

"We believe this portfolio of car care products complements and augments our existing automotive aftermarket platform, which includes Permatex, Wynn's and Slime," said David Parry, ITW vice chairman.

With $13.9 billion in 2009 revenues, ITW is a diversified manufacturer of industrial products and equipment.

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