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ITW made international headlines when reports began circulating that one of the world’s richest men, Warrent Buffet, is looking to make some sizable acquisitions.

The Wall Street Journal reports that Buffet prefers large industrial businesses with “near-monopoly positions and solid sales growth,” along with pretax income of $75 million or more and market values ranging from $5 billion to $20 billion.

ITW is said to top a list of potential companies Buffet may actually be interested in acquiring, writes Dennis K. Berman of the Journal.

“This company has long caught Mr. Buffett’s fancy, according to a person familiar with his interest, and a potential deal was bandied about a few years ago,” Berman writes. “If a bit large, it still fits Mr. Buffett’s criteria to a T, housing businesses from furniture lamination to arc-welding equipment that should expand in a secular economic upturn.”

ITW’s market cap is set at $26.8 billion, with a 17% return on equity and 18% margins on EBITDA. 

In 2010 ITW revenues, including fasteners, rose 14.4% to $15.87 billion, which included a 10.9% organic increase in North American sales. Those results included an 11% revenue gain in the final quarter of 2010 and a 21.7% jump in operating income to $579.5 million. ©2011 GlobalFastenerNews.com

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Related Links:

• ITW