Illinois Tool Works Inc. has announced that it has signed a Definitive Purchase Agreement to acquire 100% of the Meurer Group, supplier of secondary packaging equipment to the FMCG (Fast Moving Consumer Goods) markets located in Furstenau, Germany.
Meurer will join Hi-Cone, Hartness International, and ITW Warehouse Automation as part of the ITW Global Packaging Solutions Group, which is part of the ITW Consumer Packaging Segment. The transaction is expected to close in July pending government approval.
“Meurer is an excellent addition to ITW’s consumer packaging business,” said Steve Henn, group president. “With over 40 years of experience in secondary packaging, Meurer will enhance ITW’s capabilities and customer solutions.”
ITW is a Fortune 200 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses.