Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

August 2008


Unipac, a business unit of Illinois Tool Works Inc.
Sale to Selig Sealing Products, Inc., a portfolio company of Behrman Capital


Baird served as the exclusive financial advisor to ITW on this transaction


Illinois Tool Works Inc. ("ITW") (NYSE: ITW) recently completed the sale of its Unipac business unit (“Unipac”) to Selig Sealing Products, Inc. (“Selig”), a portfolio company of Behrman Capital. Financial terms of the transaction were not disclosed.

With operations in Canada and the United Kingdom, Unipac provides a broad selection of highly-engineered laminated liners for food, beverage, pharmaceutical, personal care, and other consumer and industrial applications. Unipac’s innerseals provide enhanced product freshness and tamper-evidence to plastic containers. Unipac offers a broad portfolio of proprietary products including Lift ‘n’ Peel(TM), Aroma Peel(TM), Top-Tab(TM), and Safe-Gard(TM).

Selig is a leading manufacturer of tamper-evident cap and closure lining materials. Selig's mission is to provide its customers with high levels of responsiveness and flexibility in serving and determining their packaging needs at levels unmatched in the industry.

Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company’s investments are primarily focused in five industries: specialty manufacturing, outsourcing, defense, health care and information technology. Behrman Capital currently has a combined capital base in excess of $2.0 billion.

Robert W. Baird & Co. (“Baird”) served as the exclusive financial advisor to ITW on this transaction. The Baird team included our dedicated industry bankers and members of our Financial Sponsor Group.

For additional information about this transaction, please contact:
Managing Director
(312) 609-4983
Managing Director
(312) 609-4924
Vice President
(312) 609-4995

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