Founded in 1912 and headquartered in Chicago, Illinois Tool Works Inc. (ITW) is a global multi-industrial manufacturer with a workforce of approximately 45,000 employees. The company operates across roughly 55 countries, reporting annual revenue of $15.9 billion. It is organized into seven market-leading segments, which encompass over 80 decentralized businesses.
ITW's portfolio spans technical domains including engineered fastening solutions, welding equipment, polymers, food equipment, automotive components, and construction products. Its business model is built around decentralized divisions that operate with entrepreneurial autonomy, enabling rapid decision-making and close alignment with local market needs. This structure supports a focus on customer-back innovation and continuous operational improvement.
