Illinois Tool Works Inc. announced it has closed on the agreement to divest a 51 percent stake in its Decorative Surfaces segment, consisting of Wilsonart and related international businesses, to a fund managed by Clayton, Dubilier & Rice, LLC (CD&R).
Wurth Wood Group, headquartered in Charlotte, NC, has been named exclusive wholesale distributor for Wilsonart Intl. in Northern Virginia, Baltimore, MD, North Carolina and Eastern Tennessee beginning in 2012.