Pacific Polymers is Sold to Illinois Tool Works

Saw a search term for Pac Poly that caught my interest, so I dropped on by their website and true enough, they have an announcement that they were acquired by Illinois Tool Works, a publicly traded firm.
Can’t find any news about it at Illinois Tool Works site…
It says they have 850 decentralized business units…maybe meaning that each is a separate entity.
Anyway, it seems the industry is rife with big changes yet again. We’ll see what changes come in at Pac Poly…