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Posted: 1/1/2006 8:05:36 PM EDT
[Last Edit: 1/1/2006 8:06:16 PM EDT by KA3B]
original topic: www.ar15.com/forums/topic.html?b=1&f=5&t=423557&page=1

Originally Posted By torstin:

Originally Posted By KA3B:
Bad news about Milwaukee Electric Tool, it's now basically owned by The Home Depot.

Atlas Copco sold Milwaukee Electric Tool to China-based power equipment maker Techtronic Industries for $713 million in early 2005.

Techtronic Industries makes and markets Ryobi power tools and Ryobi and Homelite outdoor power equipment.

The company's OWT Industries makes Ridgid tools.

Ryobi and Ridgid products are sold exclusively at Home Depot.

i was unaware of this. interesting and maybe unfortunate. i read and know that techtronic must sell a lot of products through home depot, but im not seeing the part where home depot is owning milwaukee or any aspect of techtronic??

Home Depot wants to sell a product exclusive to The Home Depot.
They ask the manufacturer to make a product that only The Home Depot will sell.
Part of the deal is that The Home Depot will invest money (in the form of a stock buy or a stock trade)in the company or an outright purchase of the company.
Have you ever looked at some of The Home Depot only products and see that they come from or have a contact address listed as Paces Ferry Road, Atlanta, GA.
That's The Home Depots corporate headquarters.

In the case of Techtronic The Home Depot leveraged both Ryobi and Ridgid to sell part of their companies to Techtronic. Ridgid still makes plumbing tools in America, but not any of the home consumer woodworking or power tools. Same goes for Ryobi.
You can almost bet that within a year Milwaukee will be offering exclusive tools for The Home Depot.
Link Posted: 1/1/2006 8:07:38 PM EDT
Milwaukee power tools being made in Mehico and China is just plain wrong.

[shakes head]

Link Posted: 1/1/2006 8:13:43 PM EDT

Originally Posted By Wobblin-Goblin:
Milwaukee power tools being made in Mehico and China is just plain wrong.

[shakes head]



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