Milwaukee Electric Tool
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|Founder: A. F. Siebert|
President: Steven Richman
Number of employees
The Milwaukee Electric Tool Corporation is an American company that develops, manufactures, and markets power tools. It is a brand and subsidiary of Techtronic Industries, a Hong Kong-based company, along with AEG, Ryobi, Hoover, Dirt Devil, and Vax. It produces corded and cordless power tools, hand tools, pliers, hand saws, cutters, screwdrivers, trims, knives, and tool combo kits.
In 1918, Milwaukee Tool introduced "the first lightweight portable, one-handed 1/4" capacity drill" the Hole-Shooter. The shooter was far more lightweight than comparable models weighing in at just five pounds.
History: Pre-Milwaukee Electric Tool Corporation
A.H. Petersen gained a business partner by adding Albert F. Siebert to the business founding the A. H. Petersen tool company. Their production facility was destroyed by a fire in 1923 and the business went to public auction after closing shop due to the losses in the fire that destroyed their facility. In 1924, Seibert purchased the remaining assets and formed the Milwaukee Electric Tool Corporation. His business goal at this time was to improve on the Hole-Shooter and repair other manufactures tools gaining ideas of what needed to be changed in order to increase the longevity of tools on the market at that time.
Its instruments, such as compress meters, digital meters, levelling items, lighting testers, check and recognition pieces, temperature meters, thermal imaging items, and instruments for cutting, clipping, drilling and material elimination devices; chargers; and other products can be found worldwide.
Innovations and Contributions
During the 1930s, Milwaukee achieved an equipment specification rating from the federal government and began producing all of its tools to the U.S. Navy standard of equipment. They also developed their own sanders, polishers, electric hammers, and hand grinders. The next major innovation that Milwaukee Electric Tool Corporation brought to the table was a handheld 3/4 inch electric hammer drill with the ability to also act as a standard drill. Based on the market success of the new 3/4 inch hammer drill, a shorter, lighter, and more manageable hammer drill was soon introduced. The outbreak of World War II and the manufacturing boom that followed helped Milwaukee Electric Tool Corporation become a major supplier for the U.S. Navy in part due to the Hole-Shooter being already designed to the Navy standard. During this time, Milwaukee Electric Tool Corporation also added a spring clutch to their sanders and grinders which dramatically reduced the recoil in the units and was subsequently added to their line of circular saws. The next major advancement came with the introduction of the iconic Sawzall (reciprocating saw) in 1951. The Sawzall was the first in the industry to introduce a reciprocating mechanism to a portable hacksaw. The Milwaukee Electric Tool Corporation also developed and manufactured a full line of blades for the new reciprocating saw to cut different types of material including wood, soft metal, and hardened metal.
- Ownership history
- 1924: The Milwaukee Electric Tool Corporation was established by A. F. Siebert in Milwaukee, Wisconsin.
- 1975: Sold to Amstar.
- 1986: Sold to Merrill Lynch.
- 1995: Sold to Atlas Copco.
- 2005: Techtronic Industries.
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- "Our Company - Continuous Innovation for over 85 Years".
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- "Milwaukee Tools: The History of the Brand". www.cableorganizer.com. Retrieved 2020-06-10.
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- Jones, Dow (June 22, 1995). "Company News; Atlas Copco Buying U.s. Electric-Tool Maker". The New York Times.
- Milwaukee Electric Tool, other units to be sold for $626.6M