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Techtronic Industries Company Limited (TTI Group or TTI) is a Hong Kong–based multinational company that designs, produces, and markets power tools, outdoor power equipment, hand tools, and floor care appliances. It pioneered cordless power tools powered by lithium-ion rechargeable batteries. [1] [3]
TTI has seven proximity warehouses located in Mexico: Tijuana, Hermosillo, Chihuahua, Juarez, Acuna, Reynosa, and Guadalajara, with a combined distribution capacity over 100,000 square feet. TTI is a wholly owned subsidiary of Berkshire Hathaway Inc. [2]
Ridgid tools are targeted at the plumbing, pipe fitting, construction, and HVAC trades. The brand is best known for its distinctive red pipe wrenches, [2] [3] but the company manufactures over 300 different types of tools. [1] The company also sells power tools, largely made by TTI, and wet/dry vacs, made by parent company Emerson. [4]
Milwaukee Tool was last sold in 2005 for $626.6 million to the Hong Kong–based Techtronic Industries, also known as TTI Group. [2] [3] The company is now a subsidiary of TTI Group alongside brands like AEG, Ryobi, Hoover, Dirt Devil, and Vax. [4] In 2022, $206 million was invested in Wisconsin research and development facilities. [5]
[4] [7] In August 2001 TTI acquired Ryobi's European power tools business and in March 2002 TTI acquired two subsidiaries of Ryobi Limited, Ryobi Australia Pty. and Ryobi New Zealand Limited. [4] [8] In 2018, Ryobi transferred the rest of power tools business (Japan, Asia, Latin America, Middle East and Africa markets) to the Kyocera Group. [4]
Dirt Devil is a brand name originally introduced (or debuted) in 1981 by the Royal Appliance Manufacturing Co, an American vacuum cleaner and floor care company. The company and the brand are now owned by TTI Floor Care North America, a subsidiary of Hong Kong–based Techtronic Industries, who also own Oreck, Vax, and Hoover North America.
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