On Thursday, August 9, executives and guests of Illinois Tool Works will visit the New York Stock Exchange to celebrate the company’s 100-year anniversary in 2012. To mark the special occasion, David Speer, Chairman & CEO will ring The Closing BellSM, accompanied by Harold B. Smith, Jr. great-grandson of the founder and company executives.
Watch the video of the ringing.
In 1912, Chicago ﬁnancier Byron L. Smith placed an ad in The Economist looking to provide capital to a “high class business (manufacturing preferred) in or near Chicago.” When a group of inventors with an idea to improve gear grinding came along, Illinois Tool Works was born. From these humble beginnings, the company expanded into businesses across the globe and transformed entire industries through simple, yet ingenious solutions.
About Illinois Tool Works (NYSE: ITW)
ITW is a Fortune 200 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The company focuses on profitable growth and strong returns across worldwide platforms and businesses. These businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW’s revenues totaled $17.8 billion in 2011, with more than half of these revenues generated outside of the United States.