Illinois Tool Works acquisition
Illinois Tool Works, a Fortune 200 global diversified industrial manufacturer, has announced that it has acquired SOPUS Products' Car Care business, a leading automotive aftermarket consumer products portfolio.
SOPUS Products' Car Care business includes the appearance and performance chemical and windshield wiper blade brands of Pennzoil - Quaker State Company dba SOPUS Products, a subsidiary of Shell Oil Company.
SOPUS Products' Car Care business includes such well known brands as Rain-X, Black Magic and Gumout, among others.
The portfolio offers vehicle owners a comprehensive range of products for improving windshield visibility, protecting and cleaning vehicles, and improving vehicle performance. 2010 revenues were approximately $300 million.
"We believe this portfolio of car care products complements and augments our existing automotive aftermarket platform, which includes Permatex, Wynn's and Slime," said David Parry, ITW vice chairman. "With this acquisition, ITW is well positioned to continue to expand its car care solutions for customers around the world."