ITW Sells Fastener Roofing Business
ITW Sells Fastener Roofing Business
John Wolz
Illinois Tool Works Inc. sold a fastener roofing business to OMG Inc. for $26 million.
Olympic Manufacturing Group is a subsidiary of WHX Corporation’s Handy & Harman. Web: handyharman.com
Agawan, MA-based OMG is a domestic manufacturer and supplier of fasteners and accessories for the commercial flat roofing industry. OMG manufactures 200 flat roof fastening mechanisms from one half to 25 inches long. OMG sells to 400 building and roofing distributors and as private labels to roofing systems manufacturers. OMG also produces specialty fasteners for log homes, landscaping, masonry, post home structures and wood decks. OMG has warehouses in Westfield, MA, Reno, Chicago and Glasgow, Scotland. Web: olyfast.com
Rye, NY-based WHX is a holding company with diverse and decentralized businesses. Web: whxcorp.com
WHX sees the acquisition as solidifying OMG’s position in the mechanical fastener, accessory and components business as well as the commercial and residential construction.
Glenview, IL-based ITW is a diversified manufacturer of engineered components and industrial systems. ITW has 700 operations in 48 countries. Fasteners totaled 38% of ITW’s 2005 sales of $12.9 billion. Web: itw.com �2006 FastenerNews.com
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