Milwaukee Electric Tool Corporation
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Milwaukee Electric Tool Corporation
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The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (December 2010) |
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| Type | Subsidiary |
|---|---|
| Industry | Manufacturing |
| Founded | 1924 |
| Headquarters | Brookfield, Wisconsin |
| Key people | A. F. Siebert Founder |
| Products | Power tools |
| Employees | 1,450 |
| Parent | Techtronic Industries |
| Website | www.milwaukeetool.com |
The Milwaukee Electric Tool Corporation is a manufacturer of heavy-duty portable electric power tools and accessories. The business manufactures its products in 12, 18, 28, 120 and 230 volt configurations. Their product line includes some 500 power tool models, including reciprocating saws, circular saws, drills, driver drills, hammer drills, rotary hammers, band saws, bench grinders and sanders.
The original Milwaukee Electric Tool Corporation was established by A. F. Siebert in 1924 in Milwaukee, Wisconsin. The Siebert Foundation sold Milwaukee to the sugar company Amstar.[1] Merrill Lynch acquired Amstar in 1986, and sold Milwaukee to the swedish company Atlas Copco in 1995.[2][3] The company was acquired by Hong Kong based Techtronic Industries from Atlas Copco in 2005.[4] Techtronic is a public company traded on the Hong Kong Stock Exchange. "Milwaukee" is now part of the Techtronic brand portfolio that includes AEG, Ryobi power tools and accessories; Ryobi Homelite outdoor products, Hoover, Dirt Devil and Vax.
The business is now headquartered in Brookfield, Wisconsin, with production facilities currently operating in Greenwood, Mississippi (150,000 sq ft. operational since 2002) and Jackson, Mississippi (60,000 sq ft. plant operational since 1974). The Techtronic corporate headquarters is located in the Tsuen Wan section of Hong Kong.
Milwaukee’s power tools and accessories are shipped to power tool distributors worldwide from Milwaukee’s distribution centers located in Olive Branch, Mississippi, a city located south of Memphis, Tennessee, and Hoeselt, Belgium.
References
- ^ http://news.google.com/newspapers?id=YQgqAAAAIBAJ&sjid=JCkEAAAAIBAJ&pg=2770,5558194 Amstar Seeks Firm Here]
- ^ Business around Wisconsin
- ^ Atlas Copco Buying U.S Electric-Tool Maker
- ^ Milwaukee Electric Tool, other units to be sold for $626.6M
External links
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