Just got this in my e-mail. Figured I'd share with the crew.

Quote
To all Milwaukee Heavy Duty Club Members:

We have great news to share!

Milwaukee Electric Tool is being acquired by Techtronic Industries Co. Ltd. (TTI), the world's fastest growing power tool manufacturer.

Although you may not have heard about TTI, you're probably familiar with some of the brand name products owned by TTI, like Ryobi power tools, Homelite outdoor power equipment and Royal and Dirt Devil vacuum cleaners and floor care appliances.

Joining forces with TTI will allow us to share TTI's research and development facilities. That means we'll have even more engineering and manufacturing expertise to draw on in order to produce the innovative products that you've come to expect from Milwaukee.

We currently employ more than 2,000 people and have four manufacturing plants in Wisconsin, Mississippi and Arkansas, making Milwaukee the only power tool manufacturer with the majority of its tool production in the U.S. Our team will now join forces with TTI North America, which employs 1,800 people in Ohio and South Carolina.

Our products will continue to carry the familiar Milwaukee brand and you'll be able to buy the tools and accessories you need from your favorite retailer or distributor.

At Milwaukee, we're proud of our 80 years of dedicated service to professional power tool users. The product and service levels that you've come to expect from Milwaukee will be the same - if not better - in the years ahead. As we begin this next chapter, we thank you for your continued support and invite you to keep sending us ideas on how to make Milwaukee power tools and accessories even better.

We fully expect to become a stronger company as a result of this acquisition. This should translate into even more high-quality, innovative power tool and accessory systems from Milwaukee.

Thank you for owning and using Milwaukee Electric power tools.

Sincerely,

Dan Perry, President
Milwaukee Electric Tool

Edited to clean up format.

[This message has been edited by DougW (edited 09-09-2004).]