Who owns Ridgid power tools? This question often arises among consumers who are interested in purchasing high-quality power tools for their professional or DIY projects. Ridgid, a well-known brand in the power tool industry, has a rich history and a strong presence in the market. Understanding the ownership behind this brand can provide insights into its products, quality, and future direction.
Ridgid, founded in 1923, is an American company that specializes in manufacturing power tools, hand tools, and diagnostic tools. The brand has gained a reputation for its durability, reliability, and innovative design. Over the years, Ridgid has expanded its product line to cater to various industries, including construction, automotive, and HVAC.
So, who owns Ridgid power tools? The answer lies in the hands of Emerson Electric Co., a global technology and engineering company. Emerson acquired Ridgid in 2007, and since then, the brand has continued to grow and evolve under the guidance of its new parent company.
Emerson Electric Co. is a Fortune 500 company with a diverse portfolio of products and services. The company operates in various industries, including automation, process management, and commercial and residential solutions. Emerson’s acquisition of Ridgid marked a strategic move to strengthen its position in the power tool market.
Under Emerson’s ownership, Ridgid has continued to invest in research and development, aiming to create cutting-edge tools that meet the needs of its customers. The brand has also expanded its distribution network, making its products more accessible to consumers worldwide.
One of the key advantages of owning Ridgid power tools is the assurance of quality and reliability. Emerson Electric Co. has a strong commitment to innovation and customer satisfaction, which is reflected in the design and manufacturing of Ridgid products. Consumers can expect high-performance tools that are built to last, with features that make their work easier and more efficient.
In conclusion, Ridgid power tools are owned by Emerson Electric Co., a global technology and engineering company. This ownership has allowed Ridgid to continue its legacy of producing high-quality, innovative tools that cater to the needs of professionals and DIY enthusiasts alike. As the market evolves, it will be interesting to see how Emerson’s strategic direction will shape the future of Ridgid power tools.
