flexiblefullpage - default
interstitial1 - interstitial
Currently Reading

Milwaukee Tool Acquires Imperial Blades

Advertisement
billboard -

Milwaukee Tool Acquires Imperial Blades

Milwaukee Tool grows its manufacturing footprint yet again 


By By James F. McClister October 2, 2018

Milwaukee Tool, a subsidiary of Techtronic Industries, today announced the purchase of products company Imperial Blades, based in Sun Prairie, Wisconsin. It’s Milwaukee’s first big acquisition since it bought Empire Level in 2014.

The news comes as Milwaukee is riding a decade-long wave of big growth. The tool company has seen consistent double-digit year-over-year growth, including a 21.7 percent increase in sales in 2017, as well as a 15 percent increase in net profit. In March of this year, Galli told Milwaukee-based BizTimes that Milwaukee Tools is pursuing an “aggressive” growth strategy that includes a determination to “not ever go below 20 percent growth … over the next five years.”

Apart from the acquisition of Imperial Blades, Milwaukee is in the process of building a $32-million expansion of its headquarters, to increase manufacturing and R&D capabilities. The investment is expected to create up to 350 new jobs.

Imperial Blades

The company, located not so far from Milwaukee Tools own headquarters in Brookfield, was founded in 2008 and first gained notoriety as the original inventor of the universal shank for use on oscillating multi-tools. Since then, the manufacturer has seen steady growth with the introduction of new product technologies such as Storm Titanium coating and the Darbide Extreme Blade. In fact, it’s because of this ability to bring innovation to longstanding product categories that Milwaukee made the acquisition, says TTI CEO Joseph Galli. “Milwaukee Tool remains relentlessly focused on delivering innovative solutions, and we are proud to expand our US Manufacturing footprint and portfolio of professional brands with Imperial Blades.”


written by

James F. McClister

James McClister is managing editor for Professional Remodeler.


Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and email addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • CAPTCHA

    This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Related Stories

Strength of Remodeling Market Seen in Growing Balance Sheets

Home values continue to grow with the help of remodeling improvements, says the National Association of Home Builders

Highlighting Opportunities for Women in Construction

The National Association of Home Builders recently testified to Congress for stronger benefits and will celebrate Professional Women in Building Week next month

Harvard Predicts Remodeling Growth Slowdown in 2023

The Joint Center for Housing Studies of Harvard University foresees a remodeling growth cooldown for the first half of next year

NARI Announces New CEO

Christine Melendes brings more than 20 years of experience working with associations

Reborn Cabinets Acquired by Renovo Home Partners

Private equity's latest move is the acquisition of the West Coast's leading home improvement company

40% of Homeowners Concerned with Home Improvement Affordability

Rising interest rates, prices, job security, and contractor availability are main factors impacting homeowners' decision to proceed with home improvement projects.

Private Equity-Backed Renovo Expands Again With Leading Dallas Remodeler

Renovo Home Partners acquires Woodbridge Home Solutions, continuing a strong 2022 push from private equity

Private Equity Firm Acquires NEWPRO Home Solutions

NEWPRO Home Solutions is the latest home improvement giant to join Renovo Home Partners

National Hardware Show to Join 2023 Design & Construction Week

The show will co-locate with the International Builders' Show and the Kitchen & Bath Industry Show

Local Remodelers Bring Permit Challenges to Light

The NARI Atlanta chapter put a spotlight on permit delays, sparking a response and investigation from local news

Advertisement
boombox1 -
Advertisement
native1 -

More in Category




Advertisement
native2 -
Advertisement
halfpage1 -