Tag Archives: Carlyle Group

Carlyle Will Buy Illinois Tool Works Industrial Packaging Unit For $3.2 Billion

Last week, we reported that Illinois Tool Works(ITW) had decided to sell its Industrial Packaging Unit rather than spin it off. Now, the company has reached an agreement to sell the unit to the Carlyle Group for $3.2 billion.  The deal values the business at 8.5 times EBITDA.  This represents a continuation of a trend where conglomerates are… Read More »

Illinois Tool Works Close To Selling Off Its Industrial Packaging Unit

Take an activist investor, mix in a large, underperforming corporation with numerous business lines and you have all of the ingredients for a spin. Right? Well, roughly a year ago, Illinois Tool Works (ITW) began a process of ‘exploring options’ for its industrial packaging unit as part of its grand five year plan to improve operating performance and… Read More »

Nonstick: DuPont May Spin Off Performance Chemical Business Including Teflon

There are few companies in America with as long a history as DuPont (DD). Started as a gunpowder mill in Delaware in 1802, the company has been a fixture on the American business landscape for over two centuries. DuPont was a force behind the creation and growth of General Motors (GM) and invented many of the signature materials… Read More »