MTD Products (Modern Tool and Die Company), of Cleveland, Ohio, USA began in 1932, and is a family-owned, private company. They began as tool and die makers, and now are manufacturers of outdoor power equipment for the mass market. MTD's main competitors are Briggs & Stratton and Husqvarna.
Theo Moll, Emil Jochum and Erwin Gerhard formed a partnership to purchase the assets of thr
Modern Tool and Die Company located on Power Avenue in Cleveland. The initial capitol investment was $4500 and the company’s end product was tools and dies.
MTD’s first products were perforating dies and a rolling machine for making window channels for Standard Products.
1933 12 employees in MTD and by 1934 the head count was 60 employees.
1936 the company produces its first automotive stampings products, grilles for Graham-Paige automobiles.
1952 the controlling interest in Midwest Industries Inc.' is purchased. With this MTD begins to manufacture bicycles, velocipedes, pedal cars and playground equipment.
1954 - enters the garden equipment industry with introduction of a line of wheelbarrows.
1958 - enters the lawn & garden power equipment industry with the production of an 18” power rotary mower.
1959 - takes a giant step into future growth when they begin the manufacturing of self-propelled lawn mowers, Garden tractors and other power equipment.
1962 - Purchases Sehl Engineering Ltd. of Canada, this later became MTD Products, Ltd. (today’s MTD Canada).
1966 - purchases Industrial Plastics Company in Cleveland, OH, USA.
1968 - starts snow thrower production.
1975 - purchases Yard-Man name from Montgomery Ward.
1980 - A new 160,000 sq. ft. manufacturing plant Built in Brownsville, Tennessee, USA. This plant has been recently shut down.[when?]
1985 - Martin, Tennessee Plant begins operation, and Arnold Corporation is acquired.
1986 - Aircap Industries in Tupelo, Mississippi, USA is acquired.
1990 Customer Service call center is established
1994 - Modern Transmission Development Company plant built in Leitchfield, Kentucky, USA
1996 - Joint venture with Lesco creates Commercial Turf Products.
2000 - Opening of a Hungarian manufacturing facility with expanded capacity for electrical products and acquired Ryobi giving them the capacity to produce 1.5 million engines and related hand-held products.
2001 - acquired Garden Way including the Troy-Bilt and Bolens brands.
2006 - Began building lawn equipment under the Massey Ferguson brand for sale in Europe.
2007 - Began building the low-end lawn & garden tractors for Toro (company).
2008 - Began having a third-party company (located in China) manufacture a new line of engines for the Craftsman 2008 line of Snowthrowers. They are no longer building them with Tecumseh engines, and Tecumseh is bankrupt.