Illinois Tool Works Acquires QMI/Ever-Wear


DANVERS, MA - ITW Performance Polymers, an Illinois Tool Works company, has acquired QMI, Inc.,
a leading manufacturer of automotive and industrial maintenance fluids based in Lakeland, Florida.

QMI/Ever-Wear specializes in lubricating and cleaning additives that contain PTFE (polytetrafluoroethylene) to enhance the performance and extend the longevity of engines and transmissions. These are sold under brand names including QMI, Everwear(TM), Full-Throttle, MileGuard, and Engine Muscle. QMI/Ever-Wear also offers greases, tire dressings, polishes, detergents, and skin protectants. Customers include national and regional tire stores and quick-lube shops.

"This is an exciting opportunity for QMI," said Shane Willis, President and CEO of QMI/Ever-Wear. "As an ITW business unit, we will have the technical and financial support to better serve our customers, to aggressively pursue new products, and to expand into new markets."

Dr. David Parry, President of ITW Performance Polymers, commented, "We are pleased to welcome the talented people of QMI/Ever-Wear to our team. Our decentralized corporate structure will enable them to continue their creative marketing and product development on a day-to-day basis."

A world leader in adhesive technology, ITW Performance Polymers manufactures OEM adhesives, sealants, and tapes; automotive fluids; and maintenance/repair products, selling them directly and through a network of industrial distributors. The company serves major markets worldwide, including industrial repair and maintenance, power generation, processing, marine, automotive, transportation, composites, construction, amusements, manufactured housing, solid surface, and automotive aftermarkets.
For more information, contact: Paulette Carli, Marketing Communications, ITW Performance Polymers,
30 Endicott Street, Danvers, MA 01923, TEL: (978) 777-1100, FAX: (978) 774-5577, www.itwperformers.com.

For: ITW Performance Polymers
30 Endicott Street
Danvers, MA 01923
Contact: Paulette Carli, Marketing Communications
TEL: (978) 777-1100
FAX: (978) 774-5577
www.itwperformers.com

From: Norris & Company
437 Turnpike Street
Canton, MA 02021
Contact: John Norris, Account Executive
TEL: (781) 821-8300
FAX: (781) 821-8301

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