What ITW Drawform does

ITW Drawform is a precision metal forming manufacturer and a wholly-owned division of Illinois Tool Works Inc. (NYSE: ITW), specializing in deep drawn metal stampings and assemblies. Originally founded as Drawform in the early 1970s, the company pioneered deep drawn stamping technology for the airbag industry and was the first to stamp machined-like features with precise tolerances on deep drawn parts. Today it operates five manufacturing locations across the United States (Zeeland, MI; Waterbury, CT), the Czech Republic (Velká Bíteš), and China (Shanghai), with press capacities ranging from 5 to 1,000 tons and certifications including IATF 16949, ISO 14001, ISO 45001, ISO 9001, and OHSAS.

The company's product portfolio centers on precision deep drawn stampings for automotive systems — suspension, transmission, emissions, lighting, airbag, braking, and fluid management — serving both internal combustion engine and electric vehicle applications. A dedicated BEV product line addresses battery pack architecture with lithium-ion battery cans and top cap assemblies, pack degassing valves, pack combination valves, pack mounting sleeves, and pack coolant connectors. Supporting capabilities include in-house tool design and manufacturing, computer-aided engineering and simulation, prototyping, metallurgical and dynamic testing, automation, cleaning and deburring, welding and assembly, precision machining, and cleanroom automated packaging. The company also serves industrial verticals including defense, HVAC, hardware, fire suppression, and medical.

ITW Drawform generates revenue through direct B2B sales of manufactured parts and assemblies on a quote-based pricing model determined by customer specifications and volume. Go-to-market is enterprise field sales with regional remote support in key automotive regions (Germany, Czech Republic, Detroit MI, Western US), and customer engagement is anchored by ITW's Customer-Back-Innovation process, which embeds the company's engineering team into OEM and Tier-1 customer product development cycles from concept through production. End customers are enterprise automotive OEMs and Tier-1 suppliers, with secondary exposure to industrial segments requiring safety-critical or specialized precision components.

Name

ITW Drawform

Legal name

ITW Drawform

Website

https://itwdrawform.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

251–500 employees

Short description

ITW Drawform is a division of Illinois Tool Works that manufactures precision deep drawn metal stampings and assemblies for automotive OEMs and Tier-1 suppliers, serving ICE and EV components plus defense, HVAC, and medical industrial segments across five global facilities.

Ownership category

akta.pro rank

Product category

Precision Metal Stamping

NAICS

Motor Vehicle Metal Stamping (336370), Forging and Stamping (3321)

SIC

Metal Forgings & Stampings (3460), Sheet Metal Work (3444)

akta.pro primary industry

Automotive Lighting Systems & Components Manufacturing (LED/Headlamps/Signal/Interior) (IMACAJAF)

Keywords

• Precision metal stamping
• Deep drawn stampings
• Automotive metal components
• EV battery components
• Metal stampings and assemblies

Headquarters

HQ city

Zeeland

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Precision Deep Drawn Metal Stampings: Manufacturing and sale of precision deep drawn metal stampings and assemblies for automotive and industrial applications. Products include components for suspension, transmission, emissions, lighting, airbag, braking, fluid management, and BEV battery solutions.
2. Value-Add Services and Assemblies: Additional manufacturing services including automation, cleaning and deburring, welding and assembly, precision machining, in-die features, and packaging integrated with product sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

ITW Drawform manufactures precision deep drawn metal stampings and assemblies for automotive (ICE and electric vehicle) and industrial applications, supplying components for suspension, transmission, emissions, lighting, airbag, braking, fluid management, and BEV battery/pack systems. The company complements its stamped components with value-add services including product design, prototyping, in-house tool design, automation, welding, precision machining, assembly, testing, and cleanroom packaging.

Product overview

ITW Drawform is a manufacturer of precision deep drawn metal stampings and assemblies, operating as a division of Illinois Tool Works (ITW). The company offers a unified portfolio centered on deep drawn stampings as the core product, complemented by assembly services. Their capabilities span automotive components (suspension, transmission, emissions, lighting, airbag, braking, fluid management) for both ICE and electric vehicles, as well as BEV-specific products including lithium ion battery can assemblies, pack degassing/combination valves, mounting sleeves, and coolant connectors. Supporting services include product design and development, process design and validation, and continuous improvement/optimization.

Differentiator

Problem solved

Functional benefit

Products and services

• Deep Drawn Stampings Precision deep drawn metal stampings manufactured using deep draw forming processes for automotive (suspension, transmission, emissions, lighting, airbag, braking, fluid management) and industrial applications, with precise tolerances on deep drawn parts.
• Assemblies

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Gestamp: Global leader in automotive metal stampings and assemblies, headquartered in Spain, with operations across Europe, Americas, and Asia. Closely comparable business model focused on stamped body, chassis, and EV battery enclosure components for major OEMs.
• Shiloh Industries: Automotive supplier focused on engineered metal stampings, lightweighting solutions, and noise/vibration components serving global OEMs. Comparable in automotive stamping focus and engineered component portfolio, now operating as a private company following its 2023 acquisition by Middleby.
• Martinrea International: Canadian tier 1 automotive supplier specializing in lightweight metal stampings, assemblies, and fluid management systems. Directly comparable to ITW Drawform in automotive stamping portfolio and customer base.
• Magna International: One of the world's largest tier 1 automotive suppliers with extensive metal stamping and body/chassis capabilities. Directly comparable as an automotive component manufacturer serving global OEMs with stamped and assembled products, though at materially larger scale.
• Cosma International: Magna's body and chassis metal forming division operating metal stamping, hydroforming, and assembly facilities globally. Direct peer in automotive metal stampings and assemblies for body structures, chassis, and battery enclosures.
• Larsen Manufacturing: US-based precision deep drawn metal stamping manufacturer producing components for automotive, industrial, and consumer markets. Directly comparable in process technology (deep draw stamping) and end-market mix, at similar mid-market scale.
• Vari-Form: Specialty manufacturer of deep drawn metal components and assemblies serving automotive and industrial markets. Highly comparable niche peer focused on the same deep drawn stamping process that ITW Drawform pioneered.

Broad incumbents

• Flex-N-Gate: Large privately-held tier 1 automotive supplier with metal stamping, plastic, and assembly operations across North America. Comparable as a major stamping competitor to North American OEMs, though broader and larger in scope than ITW Drawform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITW Drawform