Illinois Tool Works (ITW) Purchases TRYMER(TM)
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Illinois Tool Works Inc. (NYSE: ITW) announced that it has acquired the assets of TRYMER(TM) polyisocyanurate (PIR) rigid foam business. The TRYMER plant is based in LaPorte, Texas and manufactures PIR foam used in pipe and mechanical insulation, panel insulation, and floral and craft among other applications. The agreement also includes a provision for Dow to exclusively supply ITW with extruded polystyrene (XPS) pipe insulation billets for the mechanical insulation market. Terms of the transaction were not disclosed.
TRYMER will be a wholly owned business unit of ITW and part of the company's industrial packaging group. In accordance with ITW's decentralized business structure, TRYMER will maintain its brand name and operate as a separate business.
ITW is a diversified and value-added manufacturer of highly engineered components and industrial systems and consumables.
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