Illinois Tool Works Acquires Vesta from Actis

Illinois Tool Works said on Wednesday that it has acquired Gold Pattern Holdings from Actis, a private equity firm that focuses on investments in Asia, Africa and Latin America. No financial terms were disclosed. Gold Pattern Holdings owns Vesta Global Ltd., which has a 100% equity stake in Vesta Catering Co., Ltd. Based in China, Vesta is a Western kitchen equipment manufacturer.

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