Who Owns Ryobi?

Who owns Techtronic Industries?
Techtronic Industries Company Limited is a publicly traded corporation listed on the Hong Kong Stock Exchange under stock code 0669. The Pudwill family, led by co-founder Horst Julius Pudwill, remains the company's largest shareholder. The remaining ownership is held largely by institutional investors at North American and European firms. TTI is a constituent of the Hang Seng Index and trades in the US through ADRs under symbol TTNDY.

What brands does TTI own?
TTI owns Milwaukee, Ryobi, AEG, Hoover, Oreck, Vax, Dirt Devil, Empire, Stiletto, and Homelite. Milwaukee is the flagship professional power tool brand, and Ryobi is the number one consumer cordless tool brand. The company also previously owned the HART brand but exited that business in 2025. TTI produces power tools, outdoor power equipment, and floor care products across its brand portfolio.

What was TTI's FY2025 financial performance?
TTI reported record revenue of US$15.3 billion in FY2025, up 4.4 percent from US$14.62 billion in 2024. Net profit increased 6.8 percent to US$1.2 billion. EBIT grew 5.2 percent to US$1.34 billion, with an EBIT margin of 8.8 percent. Gross profit margin improved 91 basis points to 41.2 percent. Free cash flow was nearly US$1.4 billion, and the company ended the year in a net cash position of US$700 million.

Why is Ryobi only sold at Home Depot?
Ryobi has been the exclusive power tool and outdoor power equipment brand sold through The Home Depot since 2001, when TTI formed a partnership with the retailer. This exclusive arrangement gives Ryobi prime shelf placement and co-marketing support in the largest home improvement retail chain in the United States. In return, Home Depot gets a differentiated brand that competitors like Lowe's cannot carry. The partnership has been recognized with Home Depot naming Ryobi as Vendor of the Year and Innovator of the Year.

How did TTI acquire Milwaukee?
In 2004, TTI announced it would acquire the electric power tool and accessories business of Atlas Copco AB, a Swedish industrial company. The deal, completed in 2005, included Milwaukee Electric Tool Corporation, AEG Power Tools, and the DreBo brand. The net cash consideration was US$626.6 million on a debt-free basis. At the time, Milwaukee was an 80-year-old brand and one of the most respected names in professional tools. Under TTI's ownership, Milwaukee has grown from approximately US$500 million in revenue to a multi-billion dollar global business.

What is the forced labor controversy at Milwaukee Tool?
In 2023, a media report alleged that Chinese prison laborers were forced to make work gloves for Milwaukee Tool. Bipartisan US lawmakers sent a letter questioning Milwaukee Tool's supply chain oversight and asking whether the company had independently investigated the claims. Milwaukee Tool stated it "found no evidence to support the claims being made" and said its supplier code of conduct prohibits forced labor. US law bans products made through forced labor. The outcome of further investigation has not been publicly reported.

What is TTI's outlook for 2026?
TTI expects core Milwaukee and Ryobi businesses to grow revenue mid-to-high single digits on a blended basis in 2026. This growth will be partially offset by the voluntary exit of the HART business (US$156 million in 2025 revenue) and continued rationalization of the floor care business. The company said it is off to a strong start in 2026 and looks forward to another year of solid results.