Milwaukee Tool announced plans for a new manufacturing facility in Grenada, Miss. The facility, anticipated to open in 2022, will accommodate increased capacity for Milwaukee Tool’s growing power tool accessories and power tool business, according to the company.
“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,” Steve Richman, Milwaukee Tool group president, said in a news release. “We’re thrilled to continue expanding our presence in Mississippi, where we have been fortunate to attract, retain, and recruity some of the best talent in the country.”
To support the operation of the 500,000-square-foot facility in Grenada, Milwaukee Tool said the company will invest $60 million in advanced technology and manufacturing equipment.
“Throughout the last decade, Milwaukee Tool has experienced rapid growth across the globe, with sales growing more than 20% each year,” Joe Galli, CEO at Techtronic Industries, said. “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.”
The manufacturer said it has invested $368 million in domestic expansion projects over the past five years. Currently, Milwaukee Tool has manufacturing, distribution, and operations presences in Greenwood, Miss., Olive Branch, Miss., Jackson, Miss., Brookfield, Wis., Menomonee Falls, Wis., Mukwonago, Wis., Sun Prairie, Wis., and Greenwood, Ind. In 2020, the company announced their plan to open a hand tool manufacturing plant in West Bend, Wis., in 2022.