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Illinois Tool Works Bags Chinese Storage Deal

Industrial products maker acquires Hwa Meir Packing Daily Commodities Co., a Chinese maker of air-evacuable storage bags.

GLENVIEW, Ill. (AP) — Industrial products maker Illinois Tool Works Inc. said Wednesday it has acquired Hwa Meir Packing Daily Commodities Co., a Chinese maker of air-evacuable storage bags. Financial terms were not disclosed.
 
Illinois Tool Works said the acquisition will help the company expand its presence in Asia.
 
Hwa Meir will be integrated into the company's existing Minigrip/Zip-Pak/Space-Bag worldwide plastic packaging group.
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