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On April 11, Illinois Tool Works Inc (NYSE: ITW) announced that it was buying Foilmark Inc (Nasdaq: FLMK) for a total purchase price of $54.1M. The closing is set to take place May 17. This acquisition makes ITW key player in the holographic and hot stamping foil arena. And we may not have seen the end of the company's holographic acquisitions this year.
ITW Holographic Acquisitions
ITW has been building its holographic business for some time. In October 1998, it acquired Scharr Industries (HN vol 13 no 6). In August, 2000 it made its second holographic acquisition, buying Hampshire Holographic Paper Corporation (HN vol 15 no 8). Foilmark as presently …