Emerson Electric Acquires Ridgid Tool Brand
1 report, 1 independent
Updated Sep 22
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What happened
Emerson Electric acquired the Ridgid brand, which is a major tool manufacturer founded in Ohio in 1923. Ridgid produces high-quality tools, and its cordless power tools are manufactured under license by TTI. TTI also owns Milwaukee Tool.
From slashgear.com
Why it matters
The acquisition adds market presence and product lines to Emerson Electric's corporate portfolio. The brand, which has been producing tools for over a century, continues to operate through its manufacturing partnership with TTI.
From slashgear.com
Who's involved
- RidgidThe brand whose ownership was acquired by Emerson Electric.
- TTIThe company whose manufacturing capacity is used to produce Ridgid tools under license.
- Emerson ElectricThe parent company that now owns the Ridgid brand.
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The entities involved
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Ridgid
American tool manufacturer
Nothing else this week.
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TTI
company in Santander, Spain
Nothing else this week.
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Emerson Electric
American multinational corporation