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I am pleased to announce the successful completion of the sale of ITW’s Industrial Packaging Group to The Carlyle Group.  We will now operate as a stand-alone business named Signode Industrial Group.  
 
Today’s announcement is more than a simple change in ownership.  It’s the dawn of a more responsive and powerful organization.  We are a $2.4 billion company employing approximately 6,800 people across six continents. Our products are sold around the world under a broad array of well-known brand names, including the Little David brand of packaging equipment.
 
Our number one job here always has been putting the needs of the customer first by delivering products and services that you appreciate and trust. Under our new ownership and leadership, you will see positive changes.  We plan to make our organization even stronger because we’ll have the necessary scope, scale and capacity to support customer service, product development as well as our plans for growth and innovation.
 
What won’t change is our ability to operate and go to market under our widely recognized and respected individual brands and logos. Additionally, our current brand leadership and management teams will remain in place.
 
I have great confidence in the ability of our organization to meet your present and future needs, and I am excited by the prospect of achieving new levels of excellence in everything that we do, collaborating with you along the way.
On behalf of the management and staff of Loveshaw, I’d like to thank you, as always, for your great support. On a personal note, I look forward to continuing to build a strong relationship with you and your team.

Best regards,
 
Doug Henry
Business Unit Manager
Loveshaw
 
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