Illinois Tool Works Inc. (ITW, www.itw.com) announces that it has signed a Definitive Purchase Agreement to acquire 100% of the Meurer Group located in Furstenau, Germany. Meurer is a well-known supplier of secondary packaging equipment to the FMCG (Fast Moving Consumer Goods) markets worldwide.
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.