Chicago-Based Dresner Partners Represents BAL in Sale to ITW.CHICAGO -- Dresner Partners announced that it acted as the exclusive financial advisor to BAL (1) (Basic Assembly Language) The assembly language for the IBM 370/3000/4000 mainframe series. (2) (Branch And Link) An instruction used to transfer control to another part of the program. BAL - Basic Assembly Language (Bay Area Labels) in the sale of the company to Illinois Tool Works Illinois Tool Works or ITW (NYSE: ITW) is a Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith, and three other men Frank W. England, Paul B. Inc. (NYSE NYSE See: New York Stock Exchange :ITW ITW In The Wild (informatics, antivirus research) ITW Information Theory Workshop (IEEE) ITW Into Thy Word (religion) ITW Into the Woods ). Terms of the transaction, which closed January 31, were not disclosed. Based in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , BAL is a leading manufacturer of high-quality, custom-printed components including panel overlays, pressure sensitive labels, membrane switches, bar coding labels and other custom fabricated components. Originally founded in 1980 by Oliver Flach, the firm's president, BAL today employs over 200 people and serves a diverse, international customer base across a range of industries. The company has built a strong reputation and loyal customer base through its industry leading turnaround times, high quality products, and exceptional customer service. "We are delighted to bring BAL into the ITW family," said Valerie Kennedy, ITW Marking & Sealing Group President. "We immediately saw a strong strategic fit with BAL, not only in terms of product offerings and manufacturing expertise, but also in terms of operating cultures, given BAL's loyalty and commitment to its employees and customers. We are excited to build upon the company's history of success and leverage ITW's global presence and resources to both enhance BAL's ability to service its existing customers and help attract new customers, both domestically and abroad." ITW is a $12.9 billion in revenues diversified manufacturer of highly engineered components and industrial systems. The company consists of approximately 700 decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. operations in 48 countries and employs some 50,000 people. "This transaction was a natural and logical one, given the strong manufacturing capabilities of both parties," said Steven M. Dresner, president of Dresner Partners. "It was exciting to put our firm's expertise in middle-market industrial transactions to work on behalf of BAL." Dresner Partners is a NASD-registered, middle-market investment bank based in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to business owners and managers throughout the United States, including institutional private placements of debt and equity, merger & acquisition advisory, and valuation and strategic consulting. |
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