SC Johnson To Buy Illinois Tool Works' Global Space Bag Brand And Related Assets

Illinois Tool Works Q1 Profit Down 27%, Tightens Full-year Outlook

Illinois Tool Works Q1 13 Earnings Conference Call At 10:00 AM ET

Illinois Tool Works Q1 Profit Down; Updates FY13 Outlook - Quick Facts

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6/29/2012 11:07 AM ET

SC Johnson announced that it has reached an agreement to acquire Illinois Tool Works Inc.'s (ITW: Quote) global Space Bag brand and related assets.

SC Johnson expects the deal to be finalized in next few months subject to U.S. regulatory clearances and is currently working on developing transition plans for the business.

As a private company, SC Johnson does not disclose details regarding financial or business transactions.

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