Illinois Tool Works (ITW) is considering its strategic options for its Industrial Packaging...

|About: Illinois Tool Works Inc. (ITW)|By:, SA News Editor

Illinois Tool Works (ITW) is considering its strategic options for its Industrial Packaging segment, including selling or spinning it off. The division, which had 2012 revenues of $2.4B, manufactures steel, plastic, and paper products used for bundling, shipping, and protecting transported goods. ITW has retained JPMorgan and Goldman Sachs as its financial advisers. (PR)