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.
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.
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.