Business

Briefs: Illinois Tool Works makes acquisition

Posted September 19, 2007 11:00 pm

GLENVIEW -- Illinois Tool Works Inc. announced that it has acquired the assets of Hwa Meir Packing Daily Commodities Co. Ltd., a manufacturer of air-evacuable storage bags. Located in the Guangdong province of China, Hwa Meir will be a wholly owned business unit of ITW and part of the company's existing Minigrip/Zip-Pak/Space-Bag worldwide plastic packaging group. Terms of the transaction were not disclosed. Hwa Meir manufactures special, primarily patented, air-evacuable bags and containers for reduced-space, home/travel storage, and organization.

Credit union set to build new branch

LAKE VILLA --Community Trust Credit Union is beginning construction on a new facility. Groundbreaking for Community Trust's new branch is set for Sept. 25 at the southwest corner of Deep Lake and Grass Lake roads. Completion of the custom-built financial services facility is anticipated for April, and will coincide with CTCU's 75th anniversary of serving its member-owners throughout northeastern Illinois and southern Wisconsin.

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