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.
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 ...
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 ...
Share this article
- Filed In: Top Distributor Sectors, Subscriber Only, News, Mergers & Acquisitions, Free, Finance, Companies
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
