Clarification re: Kyocera RYOBI acquisition
RYOBI's worldwide businss units will not be affected.
There have been various announcements and media reports regarding a transaction between Ryobi Ltd. of Japan (RL) and Kyocera Corporation (Kyocera) concerning Kyocera’s potential acquisition of RL’s power tool business ("the Transaction") and inaccuracies in such reports that have created confusion regarding TTI's RYOBI business. TTI is releasing this statement for the purpose of clarification.
The Transaction is not related to any of TTI’s RYOBI businesses worldwide, which will remain unaffected by the Transaction.
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in power tools, outdoor power equipment, floor care appliances and accessories for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. TTI is dedicated to accelerating the world’s transition to cordless battery labor saving products.
TTI's brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL Floor Care and Appliances.
For more information, please visit www.ttigroup.com.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
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Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
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