MAGNAFLUX Announces Acquisition of Quasar

(Illinois Tool Works Inc.: Albuquerque, New Mexico) – Illinois Tool Works Inc., parent company of MAGNAFLUX, recently announced its acquisition of Quasar International Inc., the inventor of process compensated resonant testing (PRCT), a revolutionary new nondestructive testing method.

Quasar is located in Albuquerque, New Mexico. Terms of the transaction were not disclosed. Quasar will continue to operate as an independent company, which is consistent with the ITW decentralized organization structure. Quasar will be associated with MAGNAFLUX, a supplier of magnetic particle equipment dye penetrant inspection equipment, and associated chemical products used for nondestructive testing. Quasar operations in Albuquerque and Detroit will remain essentially unchanged, and existing distribution and customer agreements will not be affected.

“MAGNAFLUX has been a leader in NDT since the company invented magnetic particle inspection 80 years ago,” says Steve Groeninger, general manager of MAGNAFLUX. “We plan to continue to be a leader in our industry for generations to come and the acquisition of Quasar will play a key role in that strategy. Quasar’s PCRT is clearly the future of high-volume NDT and we intend to help them realize its full potential.”

“We are delighted to be an ITW company and to be a part of MAGNAFLUX,” comments Jim Schwarz, Quasar business unit manager. “This acquisition is an endorsement of PCRT as a superior NDT method, and access to MAGNAFLUX infrastructure will allow us to provide better products, service and support to a wider group of customers.”

Quasar has delivered more than 100 PCRT systems to manufacturers in North America, Europe, and Asia. The systems are primarily used in the automotive industry where they provide superior NDT with significant cost savings, but they are also used in other industries where product quality is a primary concern.

For more information, visit www.magnaflux.com/files/Quasar-ITWPurchase.pdf. Quasar International Inc. can be found on the Web at www.quasarintl.com/develop/.

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