GLENVIEW, ILLINOIS—(July 8th, 2011)—Illinois Tool Works Inc. (NYSE:ITW) today announced that it has acquired Teknek, world leader in manufacturing contact sheet cleaning and web cleaning solutions for converting and other industrial markets. Terms of the transaction were not disclosed. Teknek will be a wholly owned subsidiary of ITW and will become a part of the company's existing Electrostatics business platform, within the Electronics Group.
In 1984, Teknek invented the process of contact cleaning using a combination of rubber pick-up rollers combined with an adhesive roll system. Since then, Teknek, with its distinctive Nanocleen technology, continues to lead the market. Contact cleaning has become the system of choice for many manufacturers where surface contamination has become an issue.
Contact cleaning is used in many critical processes, such as printing, converting and packaging as well as printed circuit board assembly. Teknek’s strong reputation, product development and worldwide footprint complement ITW’s existing electronic and industrial businesses within the Electrostatics platform marketed under the Simco-Ion, Eltex and Electrostatic Technology brands,” said Michael Oldt, Electrostatics Group General Manager.
Teknek’s operations will continue unchanged and customers can expect to receive the same high level of support and innovation in the future that they have enjoyed in the past. Teknek’s corporate office is located in Glasgow,Scotland with other facilities throughout the world.
Source: ITW Press Release
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