Toolbank to become preferred distributor for Milwaukee’s Pro Red Fever hand tools
Toolbank will be partnering Milwaukee Tools to become preferred wholesaler and distributor for the Professional Red Fever Hand Tool range, pitched at every trade, in the UK and Ireland, with effect from 1 Feb 2019. Toolbank will be stocking over 300 Milwaukee Hand Tool and storage lines with the official launch planned for mid January and […]
Milwaukee Tools to bring Big Red Tour Truck (and burgers) to 24 independent tool stores
Milwaukee Tools is bringing its Big Red Tour Truck to 24 independent stores throughout March and April, in England, Scotland, Wales and Ireland. The tour has got off to a snowy start, with much of the UK currently being buffeted by ‘the Beast from the East’. However, the chilly conditions have not stopped the brand offering promotions […]
SPE Offshore Europe: On the show floor with Heico Fasteners & Milwaukee Tools
The energy industry may be facing lower-for-longer oil prices and rising costs, but according to the organisers, positivity flowed like the proverbial geyser at this year’s SPE Offshore Europe Conference and Exhibition. Torque quizzed two exhibitors – Milwaukee Tools and Heico Fasteners – for their take on the industry and on the Aberdeen-set show… On […]
Milwaukee tools expands and creates 660 US jobs
Milwaukee Tools is growing existing operations in Mississippi with expansion at three locations in the state, creating over 600 new jobs. Seemingly making good on its promise for ‘relentless geographic expansion’, the move follows a revenue record for Milwaukee Tool owner Techtronic Industries. It saw revenue rise 7.3% to USD $2.9 billion in half year […]
US court makes $27.8m judgement on Milwaukee Tool and Snap-on battery tech case
According to US reports, a federal court has ruled in favour of Milwaukee Tool in a long-running case filed against Snap-On Tools back in 2014. Fox6news reports that the jury found Milwaukee Tool was entitled to a “reasonable royalty” of $27.8 million after Snap-on was alleged to have used patented lithium-ion battery technology. Milwaukee Tool […]
Another revenue record reported by Milwaukee Tools owner Techtronic
Techtronic Industries (TTI) – the group behind the Milwaukee, RYOBI and AEG tool brands – has reported on another impressive trading period with record 2017 first half results. Revenue increased 7.3% to USD $2.9 billion, which grew again to 8.1% when adjusted for foreign currency. The business, which also owns Hoover, Vax and Dirt Devil, […]
Record profit for Milwaukee and AEG tools owner
Techtronic Industries (TTI) saw revenue rise 8.8% to US $5.5 billion in 2016, a record for the company. TTI owns Milwaukee, AEG and Ryobi in the power tools, accessories and hand tools category. Ryobi delivered double digit growth and overall net profit increased 15.4% for the year, representing double digit growth for the ninth consecutive […]