Illinois Tool Works acquires Foilmark, Inc.

Illinois Tool Works acquired Foilmark, Inc. for approximately $51.5 million (transaction valuation; $6.36 net per share in cash), a transaction announced in April 2001, structured as all cash (cash tender offer).

Foilmark, Inc. operates in Specialty graphics / decorating products, is based in Newburyport, Massachusetts. Foilmark was a manufacturer and distributor of hot stamp foils (also referred to as thermal transfer films), holographic security and packaging products, and pad printing machines and supplies. The company operated three reportable segments: thermal transfer film (TTF); holography; and pad printing machines and supplies.

ITW, through its wholly owned subsidiary Dudley Acquisition Inc., commenced a cash tender offer for all outstanding shares of Foilmark common stock at $6.36 net per share, pursuant to an Agreement and Plan of Merger dated April 10, 2001 among Illinois Tool Works Inc., Dudley Acquisition Inc. and Foilmark, Inc.

Advisory firms were not disclosed for this transaction.

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