Does Illinois Tool Works Inc. have any subsidiaries or affiliated companies?

Illinois Tool Works Inc. has a diverse portfolio that includes a wide range of subsidiaries and affiliated companies. This expansive network allows ITW to operate across various markets and industries, including automotive, construction, food and beverage, and packaging. Each of these subsidiaries is often specialized in a particular industry or product offering, ensuring that ITW can deliver tailored solutions to its customers. Some notable segments within the company include welding and assembly, test and measurement, and food equipment. Each segment houses several subsidiaries that focus on specific technologies and products. This business model enhances innovation and allows ITW to leverage its expertise and resources effectively. Moreover, ITW operates with a decentralized organizational structure, which empowers each subsidiary to make decisions that are in the best interest of their particular market. This autonomy often leads to enhanced responsiveness to customer needs and more efficient operations. For a detailed list of subsidiaries, as well as information about their specific functions and industries, one should consider visiting the official ITW website, where they typically provide updated information about their subsidiaries and affiliated companies. This can be a valuable resource for anyone looking to understand the full scope of Illinois Tool Works Inc.'s operations and their diverse offerings across various sectors.