Milwaukee Tool to Expand Manufacturing Presence in MS, Creating Over 1,200 New Jobs

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Milwaukee Tool announced plans to open a new manufacturing facility in Grenada, Mississippi, expected to launch in late 2022, creating 1,200 new jobs. The company will invest $60 million in advanced technology for the 500,000-square-foot facility. Over the last five years, Milwaukee has invested $368 million in U.S. expansions and currently employs 5,500 people nationwide. The company has seen annual sales growth exceeding 20% and aims to diversify its manufacturing base further, supporting its distribution partners and enhancing innovation.

Positive

• Creation of 1,200 new jobs in Grenada, Mississippi.
• Investment of $60 million in advanced technology and equipment.
• Recent $368 million investment in domestic expansions over five years.
• Annual sales growth exceeding 20%.

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• None.

MILWAUKEE, April 21, 2021 /PRNewswire/ -- Milwaukee Tool will, once again, expand their footprint in the United States (US) with the announcement of a new manufacturing facility in Grenada, Mississippi. Anticipated to open in late 2022, this new facility will accommodate increased capacity for the company's growing power tool accessories and power tool business. With this facility, Milwaukee has committed to creating 1,200 jobs in the region.  

In the last five years, Milwaukee has invested $368 million in domestic expansions and employs 5,500 people in the U.S.

"Our new Grenada facility, as well as our ongoing investments in U.S. operations and manufacturing, will allow us to continue to serve our distribution partners and users with the speed, agility, and unparalleled levels of innovation that they've come to expect from Milwaukee Tool," said Steve Richman, Milwaukee Tool Group President. "We're thrilled to continue expanding our presence in Mississippi, where we have been fortunate to attract, retain, and recruit some of the best talent in the country. The bookends to our success continue to be our people and our culture."

Milwaukee will invest $60 million in advanced technology and manufacturing equipment to support the operation of their new 500,000-square-foot manufacturing facility in Grenada. During the last decade, the company has grown their employee headcount in the state from 526 in 2010, to more than 2,343 in 2020. Of the 1,200 overall jobs Milwaukee will bring into the region, 800 of these jobs will reside in the new Grenada facility, and the remaining 400 will reside across their existing MS locations.

More About Milwaukee's Growth & U.S. Investments
Milwaukee has designed, engineered, and manufactured products in the United States since 1924 and is dedicated to driving growth and creating jobs in the U.S.

"Throughout the last decade, Milwaukee Tool has experienced rapid growth across the globe, with sales growing more than 20% each year. Amid this growth, we're going to continue aggressively investing in our product development, and diversifying our manufacturing base through expansion projects in the United States," said Joe Galli, Chief Executive Officer at Techtronic Industries.

In the last five years alone, Milwaukee has invested $368 million in domestic expansion projects and now employs 5,500 people in the U.S.

Currently, the company has manufacturing, distribution, and operations presences around the nation in Greenwood, Olive Branch, and Jackson, MS, as well as in Brookfield, Menomonee Falls, Mukwonago, and Sun Prairie, WI, and Greenwood, IN. Earlier in 2020, the company also announced their plans for a new hand tool manufacturing plant in West Bend, WI, which is anticipated to open in 2022.

U.S. manufacturing has been, and will continue to be, a critical part of the company's global footprint.

About Milwaukee Tool
Milwaukee Tool, founded in 1924, is a global leader in delivering innovative solutions to the professional construction trades, offering increased productivity and unmatched durability. Milwaukee Tool has had a presence in the US since its founding in 1924, and has invested significantly over the last decade to further increase its US footprint in manufacturing, R&D, office and distribution space. Whether it is through their world-leading M12™, M18™, and MX FUEL™ cordless systems, the ground-breaking performance of their M12 and M18 FUEL™ products, jobsite lighting, time-saving accessories, or innovative hand tool and storage products, Milwaukee® is dedicated to delivering a steady stream of advanced, trade-specific solutions. Milwaukee Tool is a Brookfield, Wisconsin-based subsidiary of Techtronic Industries Co. Ltd. (TTI) (HKEx stock code: 669, ADR symbol: TTNDY). For more information on the full line of Milwaukee® products, please call 1-800-SAWDUST or visit www.milwaukeetool.com.

For more information, please contact:
Heather McGee, 262-790-6655
Heather.McGee@MilwaukeeTool.com

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SOURCE Milwaukee Tool

FAQ

What is Milwaukee Tool's new manufacturing facility in Grenada, Mississippi, about?

Milwaukee Tool's new facility in Grenada aims to increase capacity for power tool accessories and will create 1,200 new jobs.

How much is Milwaukee Tool investing in its new Grenada facility?

Milwaukee Tool is investing $60 million in advanced technology and manufacturing equipment for the Grenada facility.

When is Milwaukee Tool's Grenada manufacturing facility scheduled to open?

The Grenada manufacturing facility is anticipated to open in late 2022.

What have been Milwaukee Tool's recent investments in the U.S.?

In the last five years, Milwaukee Tool has invested $368 million in domestic expansion projects.

How many people does Milwaukee Tool employ in the U.S.?

Milwaukee Tool currently employs about 5,500 people in the U.S.