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January 2007

Lincoln International Represents Illinois Tool Works Inc. in the Sale of its ITW Buildex Roofing Fastener Business

 

CHICAGO, Jan. 22, 2007 - Illinois Tool Works Inc. (NYSE: ITW) has completed the sale of its ITW Buildex roofing fastener business (the "Roofing Fastener Business") to WHX Corporation (OTC: WHX). Lincoln International, a leading mid-market investment bank, acted as the exclusive financial advisor to Illinois Tool Works, overseeing all preparatory, marketing, due diligence and closing phases, and working directly with Illinois Tool Works Inc. and WHX Corp. to complete the transaction.  Terms of the transaction were not disclosed.

 

Located in Itasca, Ill., the Roofing Fastener Business is a leading manufacturer of fasteners, plates and tools used in a variety of commercial roofing applications.  The company's proprietary products are used primarily in flat roof applications typically found in commercial and industrial buildings, such as warehouses, manufacturing facilities, strip malls, and residential apartment buildings. 

 

"WHX, backed by its investor group, was an aggressive acquirer that placed high importance on our client's strong, growing customer relationships and the strategic synergies resulting from an acquisition," said Andrew Bohutinsky, managing director at Lincoln International and head of the firm's Building Products Group.  "This acquisition will help WHX position itself as a leading supplier of mechanical fasteners and other building products to the commercial and residential construction industry."

 

About Lincoln International
Lincoln International Group ("Lincoln International") specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions.  With offices in Chicago, Frankfurt, Los Angeles, New York, and Paris, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies.  The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources.  By being focused and independent, Lincoln International serves its clients without conflicts of interest.  More information about Lincoln International can be obtained at www.lincolninternational.com. 

 

 

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