Company:Milwaukee Electric Tool
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.jpg) Milwaukee Tool location in Milwaukee, WI | |
| Type | Subsidiary |
|---|---|
| Industry | Manufacturing |
| Founded | 1924 |
| Founders | Albert F Siebert |
| Headquarters | Milwaukee, Wisconsin |
Key people | Steven Richman President |
| Products | Power tools |
Number of employees | 5,500[citation needed] |
| Parent | Techtronic Industries |
| Website | {{{1}}} |
Milwaukee Electric Tool Corporation, known more commonly as Milwaukee Tool, is a multi-national company that develops, manufactures, and markets power tools, hand tools, tool accessories, tool storage, and personal protective equipment.[1] Milwaukee Tool was last sold in 2005 for $626.6 million to the Hong Kong-based Techtronic Industries, also known as TTI Group.[2][3] The company is now a subsidiary of TTI Group alongside brands like AEG, Ryobi, Hoover, Dirt Devil, and Vax.[4] In 2022, $206 million was invested in Wisconsin research and development facilities.[5]
Milwaukee tools today are manufactured globally in China , Germany , Mexico, the United States , and Vietnam.[6] The tools produced include corded and cordless power tools, hand tools, pliers, hand saws, screwdrivers, utility knives, impact drivers, and more. Primary Milwaukee Tool product lines include the M12, M18, MX FUEL, and PACKOUT tool, equipment, and tool storage systems. This company globally distributes other various tools like multimeters, thermal imaging equipment, oscillating multi-tools, drilling devices, chargers, and more.
History
1918 - The Hole-Shooter
In 1918, A.H. Peterson developed the Hole-Shooter, a one-handed operation, 1/4" capacity power drill powered by a series-type Westinghouse motor. This drill was lighter than other models available at the time, weighing only five pounds.[7]
1922 - A.H. Peterson Company
In 1922, A.H Peterson and Albert F. Siebert founded the A.H Peterson Company. The business closed the following year. This was caused by a financial setback related to a factory-destroying fire. In 1924, Siebert purchased the remaining company's assets and formed the Milwaukee Electric Tool Corporation.[7]
In 1930, Milwaukee Electric Tool Corporation began producing tools for the U.S. Navy. Milwaukee Tool received an equipment specification rating for their electric drill. Milwaukee Tool then began developing portable hand grinders, electric hammers, sanders, and polishers.[7]
1935 - 3/4" electric hammer drill
By 1935, Milwaukee Electric Tool Corporation developed a lightweight 3/4" electric hammer drill. This power tool was designed to drill and sink anchors into concrete. This drill could also be converted into a standard 3/4" drill. Milwaukee also designed an easy-to-handle, single-horsepower sander/grinder that weighed only 15 pounds.[7]
1949 - Tool innovations
In 1949, Milwaukee Electric Tool Corporation added a spring clutch to handheld Milwaukee sanders, grinders, and circular saws, significantly reducing tool recoil. In the same year, Milwaukee Tool also introduced their 1/2" right-angle drill. This power tool allowed plumbers and electricians to drill holes in wood and steel.[7]
1951 - Sawzall reciprocating saw
In 1951, Milwaukee Electric Tool Corporation released its Milwaukee Sawzall reciprocating saw. The Sawzall was the first portable hacksaw to have a reciprocating mechanism. Milwaukee Tool also developed a full line of saw blades that were capable of cutting all materials.[7]
1965 - New headquarters
In 1965, Milwaukee Electric Tool Corporation moved from its headquarters on State Street in Milwaukee, Wisconsin, to a 212,000-square-foot facility in Brookfield, Wisconsin. In the 1960s and 1970s, Milwaukee Tool was focused on product and facility expansion.[7]
1974 - New manufacturing facility
In 1974, Milwaukee Electric Tool Corporation opened a 60,000-square-foot manufacturing plant in Jackson, Mississippi. In the 1970s, Milwaukee Tool released the Hole Hawg®, a power tool designed for drilling large holes in studs and joints. The company also released the Magnum Hole-Shooter, a 1/2" pistol drill, and became the first American manufacturer to produce a 4-1/2" angle grinder.[7]
1991 - Milwaukee Super Sawzall
In 1991, Milwaukee released the Milwaukee® Super Sawzall, a reciprocating saw with built-in counterbalance, a gear-protecting clutch, and five different patents. In the later 1990s, Milwaukee Electric Tool Corporation released a new range of miter saws and a lineup of 18-volt contractor cordless tools.[7]
2012 - New developments
In 2012, the company developed its Milwaukee M18 FUEL product line. The tools specified as M18 tools included angle grinders, circular saws, impact wrenches, brad nail guns, and deep-cut band saws. This was achieved because of the Milwaukee REDLITHIUM batteries released in 2010.[7]
2023 - Milwaukee news
In 2023, U.S. lawmakers at the Congressional-Executive Commission on China alleged that Milwaukee Tool may have used forced Uyghur labor from Chinese prisons in its supply chain.[8][9]
Ownership
- 1924: The Milwaukee Electric Tool Corporation was established by A. F. Siebert in Milwaukee, Wisconsin.[7]
- 1976: Sold to Amstar.[10]
- 1986: Sold to Merrill Lynch.[11]
- 1995: Sold to Atlas Copco.[12]
- 2005: Techtronic Industries.[13]
Awards
- Glassdoor's Employees' Choice Awards - #25 best place to work, 2022[14]
References
- ↑ "The Company | Milwaukee Tools Europe" (in en). https://www.milwaukeetool.eu/header/about-us/milwaukee-story/the-company/.
- ↑ "About TTI - Techtronic Industries". https://www.ttigroup.com/our-company/about-tti/.
- ↑ "Milwaukee Electric Tool, other units to be sold for $626.6M". https://www.bizjournals.com/milwaukee/stories/2004/08/30/daily2.html.
- ↑ "Brands" (in en). https://www.ttigroup.com/brands.
- ↑ Dan Stout (2022-12-21). "Why Was Milwaukee Tool One of the Fastest Growing Brands of 2022?" (in en-US). https://www.familyhandyman.com/article/why-was-milwaukee-tools-one-of-the-fastest-growing-brands/.
- ↑ Wabiszewski, Kevin (23 May 2023). "Where Are Milwaukee Tools Made? 2023 Overview". https://www.allamericanmade.com/where-are-milwaukee-tools-made/.
- ↑ 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 "Milwaukee Tools: The History of the Brand". https://www.cableorganizer.com/learning-center/articles/history-of-milwaukee-tools.html.
- ↑ Vanderford, Richard (2023-07-11). "Milwaukee Tool Is Questioned Over Alleged Use of Chinese Forced Labor" (in en-US). The Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/milwaukee-tool-is-questioned-over-alleged-use-of-chinese-forced-labor-2db1d0c3.
- ↑ Masters, Katherine (2023-07-11). "US lawmakers question Techtronic's Milwaukee Tool on alleged links to forced labor" (in en). Reuters. https://www.reuters.com/world/bipartisan-lawmakers-question-milwaukee-tool-alleged-forced-labor-supply-chain-2023-07-11/.
- ↑ "History". https://www.milwaukeetool.eu/header/about-us/milwaukee-story/history/.
- ↑ "Milwaukee Tool History: Founding, Timeline, and Milestones - Zippia" (in en-US). 2020-08-27. https://www.zippia.com/milwaukee-electric-tool-careers-1191180/history/.
- ↑ "Atlas Copco Buying US Electric-Tool Maker". The New York Times. June 22, 1995. https://www.nytimes.com/1995/06/22/business/company-news-atlas-copco-buying-us-electric-tool-maker.html.
- ↑ "Milwaukee Electric Tool, other units to be sold for $626.6M". 2004-08-30. https://www.bizjournals.com/milwaukee/stories/2004/08/30/daily2.html.
- ↑ "Best Places to Work | Glassdoor". https://www.glassdoor.com/Award/Best-Places-to-Work-LST_KQ0,19.htm.
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