ITW Board of Directors Approve Plan to Divest Decorative Surfaces and Click Commerce Businesses
Illinois Tool Works Inc. (NYSE:ITW) today announced that its board of directors had authorized a plan to commence the divestiture process for several businesses: the Decorative Surfaces segment consisting of the Wilsonart and related laminate businesses and the Click Commerce industrial software business. ITW has retained Goldman Sachs to advise on the divestiture process for the Decorative Surfaces units.