About Despatch Industries, new owner

July 23, 2011 at 2:09AM

DESPATCH Industries

Founded: 1902

Headquarters: Lakeville

International offices: Berlin, Shanghai, Singapore, Tokyo and Hsinchu, Taiwan

Chairman, CEO: Patrick Peyton

Employees: About 400

2010 revenue: $200 million

Business: Makes specialty ovens for industrial manufacturing and provides environmental testing and simulation products for a variety of industries.

Primary markets: Photovoltaics, carbon fiber, health care, electronics, energy, materials

ILLINOIS TOOL WORKS INC.

Founded: 1912

Headquarters: Glenview, Ill.

Chairman, CEO: David Speer

Employees: 60,000

2010 revenue: $15.9 billion

Business: Diversified manufacturer of advanced industrial technology operating 825 companies located in 52 countries

Primary markets: Industrial packaging, power systems and electronics, transportation, food equipment, decorative surfaces, polymers and fluids and other business

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