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However, the next year in 1924, Siebert acquired the company's few remaining assets at public auction and reopened the company, renaming it the Milwaukee Electric Tool Corporation.
In 1930, Milwaukee Tools set their standards even higher by obtaining an equipment specification rating from the United States government for its newly-redesigned electric drill.
In 1949, Milwaukee Tools took their line of sander/grinders to the next level by adding a spring clutch to them.
1949 also saw Milwaukee's invention and introduction of the first 1/2" right-angle drill, which allowed plumbers and electricians to drill holes in wood and steel, even in very tight quarters.
Milwaukee’s founder Albert Seifert passed way in 1960.
In 1965, the company moved from its State Street location, in the City of Milwaukee, to its modern 212,000-square-foot manufacturing and office facility in Brookfield, Wis.
During the 1970's, Milwaukee had another prolific burst of product development, and introduced the Hole Hawg®, the first drill ever created for large hole drilling of the studs and joists in new home constructions.
In response to a new and significant market that had developed for their products in the Southeast, Milwaukee made their first move outside the state of Wisconsin in 1974.
In 1974, the desire to be closer to an important and emerging market in the Southeast resulted in the building of Milwaukee's first facility outside of Wisconsin - a 60,000-square-foot manufacturing plant in Jackson, Miss.
With Amstar's acquisition of Milwaukee in 1976, the company expanded further adding a manufacturing plant in Blytheville, Ark., supported by a large distribution center in Olive Branch, Miss.
In 1979, Milwaukee manufactured the first United States-made 4 1/2” angle grinder.
The company was sold again in 1986 to Merrill Lynch.
Change is constant for Milwaukee Tools and in 1995, Milwaukee was sold to Swedish tool developer Atlas Copco.
Milwaukee opened a 100,000-square-foot manufacturing plant in Greenwood, Miss. in 2002 and later that year completed a 50,000-square-foot expansion for increased production capabilities.
At the turn of the millennium, Milwaukee became the first tool manufacturer to use a lithium-ion battery and it was introduced to their line of V28 cordless tools in 2005.
2005 saw another change as Milwaukee Tools was sold to the Hong Kong based Techtronic Company.
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Company Name | Founded Date | Revenue | Employee Size | Job Openings |
---|---|---|---|---|
Whirlpool | 1911 | $19.7B | 78,000 | 258 |
Haas Automation | 1983 | $1.0B | 1,500 | 40 |
MTD Products | 1946 | $2.0B | 6,800 | - |
Apex Tool Group | 2010 | $1.6B | 8,000 | - |
Gardner Denver | 1859 | $2.4B | 6,200 | 191 |
Mac Tools | 1938 | $220.0M | 2,300 | 518 |
SPX | 1912 | $1.5B | 6,000 | 147 |
Visteon | 2000 | $3.8B | 10,000 | 12 |
Eaton | 1911 | $20.8B | 92,000 | 1,460 |
Stanley Black & Decker | 1843 | $14.0B | 61,000 | 506 |
Zippia gives an in-depth look into the details of Milwaukee Tool, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Milwaukee Tool. The employee data is based on information from people who have self-reported their past or current employments at Milwaukee Tool. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Milwaukee Tool. The data presented on this page does not represent the view of Milwaukee Tool and its employees or that of Zippia.
Milwaukee Tool may also be known as or be related to Milwaukee Electric Tool Corp, Milwaukee Electric Tool Corp., Milwaukee Electric Tool Corporation and Milwaukee Tool.