Clayton, Dubilier & Rice To Invest In ITW's Decorative Surfaces Business

Clayton, Dubilier & Rice (“CD&R”) and Illinois Tool Works Inc. has announced an agreement under which ITW’s Decorative Surfaces business will become a new, independent company operating as Wilsonart International Holdings, LLC (“Wilsonart”). A fund managed by CD&R will invest $395 million in the new freestanding business to acquire a majority ownership stake.  ITW will retain an ongoing ownership stake.  

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