# Johns Manville to acquire ITW Insulation Systems from Illinois Tool Works

Johns Manville, a Berkshire Hathaway subsidiary, agreed to acquire ITW Insulation Systems from Illinois Tool Works for an undisclosed price. ITW Insulation Systems has four manufacturing plants in the US and Canada and employs 100 people.

- Type: Acquisition
- Announced: 2019-11-22
- Where: United States
- Jobs: 100
- Status: announced
- Products: mechanical pipe insulation, metal jacketing, polyisocyanurate foam insulations, vapor retarder products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Johns Manville](https://endata.com/companies/15550.md) (acquirer)
- [Illinois Tool Works](https://endata.com/companies/21716.md) (partner)
- [ITW Insulation Systems](https://endata.com/companies/43470.md) (target)

## Sources

- [business-news-today.com](https://business-news-today.com/johns-manville-to-acquire-itw-insulation-systems-from-illinois-tool-works/), 2019-11-22: "Johns Manville (JM), a Denver-based building products manufacturer and a subsidiary of Berkshire Hathaway, has agreed to acquire ITW Insulation Systems from Illinois Tool Works for an undisclosed price."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/ILLINOIS-TOOL-WORKS-INC-13125/news/Johns-Manville-Corporation-completed-the-acquisition-of-ITW-Insulation-Systems-Inc-from-Illinois-T-34032652/), 2019-12-30: "Johns Manville Corporation completed the acquisition of ITW Insulation Systems, Inc. from Illinois Tool Works Inc. in fourth quarter of 2019."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.