The ‘Shakeproof’ Success of ITW at 100 Years
FEATURE
Illinois Tools Works marks its 100th anniversary in 2012.
The Glenview, IL-based manufactures highly engineered fasteners and other products for the auto, food and construction industries. But it was founded as a metal-cutting toolmaker in 1912.
During World War I the company expanded its production to include truck transmissions, pumps and other items.
The shift to fasteners came in 1923.
“A significant and highly successful departure from its specialized approach to tool making was the 1923 acquisition of Shakeproof Screw and Nut Lock Company,” ITW writes in Forging the Tools of Excellence, the company’s 131-page book of its history.
ITW president Harold C. Smith “recognized the twisted tooth lock washer as a revolutionary product.”
Invented by Richard T. Hosking, the device was placed … (for the full story click here).
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