Illinois tool works buys plant from Georg Fischer.(Georg Fischer Rohrverbindungstechnik GmbH acquried Illinois Tool Works Inc)(Brief article)

Foundry Management & Technology, January, 2006

Swiss conglomerate Georg Fischer has agreed to sell its Georg Fischer Rohrverbindungstechnik GmbH subsidiary to Illinois Tool Works Inc. The purchase price was not disclosed and the transaction became effective January 1, 2006.

Georg Fischer Rohrverbindungstechnik GmbH employs about 50 workers at Singen, Germany. It is a part of GF Piping Systems, which produces orbital pipe and tube cutting machinery.

Georg Fischer claims it is selling the operation as part of its effort to refocus its resources on the corporation's "core competences."

ITW, Glenview, IL is a diversified manufacturer of engineered components and industrial systems. The transaction is subject to confirmation by the German Cartel Office.