Illinois Tool Works Unit Acquires Futura Coatings Assets
ST. LOUIS -- ITW-Devcon, a division of Illinois Tool Works Inc., has acquired the primary assets of St. Louis-based Futura Coatings Inc. Terms of the transaction were not announced.
The purchase includes all Futura manufacturing and packaging operations, which will be relocated to ITW-Devcon’s operations in Danvers, MA, and ITW Foamseal in Oxford, MS. Customer-service and research and development functions will be relocated to a new facility in the St. Louis area.