ITW Acquires Family-Owned M & C
ITW Performance Polymers, an Illinois Tool Works company, has acquired M&C Specialties Co., a Pennsylvania-based contract manufacturer of custom-fabricated die-cut adhesive components, tapes, and labels. M&C also sells adhesive subassemblies, foils, and double- and single-coated foams. Services include precision rotary and flatbed die cutting, tape slitting, spool and level winding, single- and double-sided laminating, and flexographic and hot-stamp printing. "The decision to sell the business to ITW after 62 years of Rauch family control was difficult and emotional," said M&C President and CEO Donald Rauch in a letter to his customers. "I sincerely believe," he continued, "that with the support and resources of ITW and the current M&C management, the business will continue to prosper and grow to uncharted levels." M&C will continue to operate from its plants in Southampton, PA; Lancaster, CA; Athlone, Ireland; Tianjin and Shenzhen, China; and Mexicali, Mexico. All employees will remain with the business.