MILWAUKEE, May 4, 2021 /PRNewswire/ -- Milwaukee Tool is
proud to announce the expansion of their corporate operations into
downtown Milwaukee, Wis. The
company's current global headquarters in Brookfield, Wis., will remain the central
location for the company's corporate operations. This new expansion
will provide increased space to accommodate the company's rapid
growth. Anticipated to open in October, this building will house
1,200 employees within the next 3 years.
"Over the past ten years we've grown at an incredible rate, not
just across the country and the world, but also at our global
headquarters in Wisconsin. By
extending our corporate presence into downtown Milwaukee, we are poised for continued
growth. As one of the largest employers in Southeastern Wisconsin, we're thrilled to
expand our presence in the city, as we continue to attract, retain,
and recruit from a diverse pool of local talent," said Steve Richman, Milwaukee Tool Group President.
Milwaukee will invest more than
$30 million to purchase and renovate
a vacant 333,000-square-foot building in downtown Milwaukee. This building will act as an
extension of the company's global headquarters in Brookfield. Milwaukee Tool's initial plans
include housing at least 1,210 employees at this location within
the next 3 years; however, the company has the option to expand the
office space by adding 150,000-square-feet, for up to an additional
790 employees.
While U.S. manufacturing and distribution are an integral part
of Milwaukee Tool's global footprint, the disruptive innovation for
the trades all starts at the Global Headquarters in Southeastern Wisconsin. Over the last decade,
the company redeveloped 190,000-square-feet of space in
Brookfield to accommodate research
and development, product development, proto-typing, packaging
design, marketing, sales, training facilities, and administrative
offices. In 2017, Milwaukee Tool completed construction and took
occupancy of a new 200,000-square-foot, four-story office building
on the same campus, and took occupancy of an additional
116,300-square-foot building in January
2020. With a recent announcement of a new campus in
Menomonee Falls, a West Bend-based manufacturing plant, and this
new expansion into downtown Milwaukee, the company is positioned to stay
in the heart of Wisconsin
long-term.
By the end of 2021, the company will have over 3,100 employees
located in Wisconsin.
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, Milwaukee has invested $368 million in domestic expansion projects and
now employs more than 5,900 people in the U.S.
Currently, the company has manufacturing, distribution, and
operations presences around the nation in Greenwood, Grenada, Olive
Branch, and Jackson, MS, as
well as in Brookfield,
Menomonee Falls, Mukwonago, and Sun
Prairie, WI, and Greenwood,
IN.
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