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Illinois Tool Works Inc. or ITW is an American Fortune 200 [3] company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith and has built its growth on a "small-wins strategy" based on decentralization, simplicity, customer-focused innovation, and ...
Emhart Teknologies – fastening and assembly; acquired in 2010; later renamed Stanley Engineered Fastening; Dodge – metal-on-plastic threaded inserts; Gripco – threaded fasteners; HeliCoil – threaded inserts; Infastech – acquired in 2013 by Stanley Engineered Fastening Avdel – blind fastening systems and related tools
From 1971, the company built up an international network of market organizations. In 1993, the activities were combined under the umbrella of SFS Holding AG, and in 2014 the name was changed to SFS Group AG. Today, the activities are divided into the three segments Engineered Components, Fastening Systems and Distribution & Logistics. [3]
It is the leading developer and manufacturer of highly engineered fasteners, fastener systems, aerostructures and precision components primary used in critical aerospace applications. In addition to the aerospace and gas turbine markets, this segment serves the construction, automotive, heavy truck and general industrial markets.
In 1961 the company was renamed 'Avdel' and substantial growth throughout the next two decades saw it become one of the world's largest manufacturers of blind fasteners and installation tools. Expansion of the group was most significant in the 60s, 70s and 80s with several new facilities established in Europe, USA and the Asia Pacific region.
The Industrial Fasteners Institute (IFI) [1] is an American non-profit trade and standards organization and publisher, based in Independence, Ohio. It was founded as the American Institute of Bolt, Nut and Rivet Manufacturers in 1931 and changed its name to the IFI in 1949. [ 2 ]