Illinois Tool Works to Curb Deals, Target New Regions, WSJ Says

Illinois Tool Works Inc. (ITW), the maker of Hobart food mixers and Duo-fast nail guns, will limit its acquisitions, the Wall Street Journal reported, citing an interview with Chief Executive Officer David Speer.

The company, based in Glenview, Illinois, plans to divest some businesses and expand by making larger deals in regions such as Asia and South America, the WSJ said, citing the CEO.

To contact the reporter on this story: Christopher Spillane in London at cspillane3@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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