DANVERS, MA — ITW Performance Polymers, part of Illinois Tool Works, has acquired Permatex, Inc., a well-known producer of sealants, adhesives, and other products for the worldwide automotive aftermarket and the industrial maintenance and repair market. The company made this purchase at the same it was in the process of acquiring Wynn Oil from Parker Hannafin, as announced on Jan. 4.
Founded in 1909 to sell shellac for bonding bicycle tires to their rims, Permatex soon entered the automobile maintenance market, using professional auto racing to prove the performance and promote sales of its gasket cements and threadlocking adhesives. The company’s extensive product line includes Permatex adhesives and sealants, Fast Orange hand cleaners, No-Touch automotive appearance products, and NOS performance-enhancing fuel additives.
According to Mike Underwood, vice president and general manager of ITW Performance Polymers North America, Permatex will become a subsidiary of ITW Performance Polymers and the Permatex brand name will be retained.
For more information about ITW Performance Polymers, visit: www.itwperformers.com.
Click here to view the rest of today’s headlines.