FOR IMMEDIATE RELEASE

October 2007

PASLODE INDUSTRIAL CHANGES NAME

TO ITW INDUSTRIAL FASTENING

            ELGIN, Ill. – Paslode Industrial, a business unit of Illinois Tool Works, Inc. (ITW), has changed its name to ITW Industrial Fastening. The name change was announced by Bruce Jacobs, General Manager of ITW Industrial Fastening, which is based in Elgin, Illinois. 

             “Our new organizational name was precipitated by the segmentation of Paslode into two separate businesses – Paslode Construction and Paslode Industrial,” said Jacobs. “Each of these businesses has its own business model and strategies and focuses on different trades. Our name change to ITW Industrial Fastening underscores these differences and helps eliminate confusion.”

             Jacobs added that segmentation is at the core of the ITW decentralized business philosophy. As part of the segmentation process, ITW Industrial Fastening will operate under a separate database system. This will enable ITW Industrial Fastening to focus on key industrial business needs, such as setting freight policies, product development and providing a dedicated customer service team.

             ITW INDUSTRIAL FASTENING, Inc. is a subsidiary of Illinois Tool Works (ITW) and is the proud owner and manufacturer of DUO-FAST ® and PASLODE ® Brands. With over over 50,000 employees worldwide, ITW’s dynamic organization delivers top quality, innovative products and service. ITW Industrial Fastening is headquartered in Elgin, IL, and has more than 450 distributors and dealers nationwide. 

            As the leader in wood-to-wood fastening systems, ITW Industrial Fastening focuses on providing fastening solutions for customers in the Cabinetry, Flooring/Carpet, Truss, Millwork and Furniture markets. It is ITW’s commercial innovation culture that creates value-added solutions to meet specific customer needs.

For additional information, visit www.itwindfast.com or contact:

Mike Mangan, MKM Comm.                                                           Ken Kueter, MKM Comm.

847/255-1903                                                                                262/279-6836 

mkmcomm@yahoo.com                                                                lacom@genevaonline.com

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