The Ridge Tool Company and the "Ridgid" brand are owned byEmerson Electric Company. In 2003, Emerson Electric licensed OneWorld Technologies (OWT) to manufacture Ridgid bench top andstationary woodworking power tools. Only the orange Ridgid powertools are manufactured by OWT. The Ridge Tool Company stillmanufactures the red Ridgid tools.OWT is a subsidiary of a Hong Kong company named TechTronicIndustries (or TTI). TTI now also owns the Milwaukee, Ryobi and AEGbrands. OWT has also manufactured tools for Metabo, Fein andSenco.Ridgid power tools are now manufactured by OWT in Asia (mostlyChina or Taiwan). As recently as 2006, a few Ridgid corded powertools (e.g., grinders, hammer drills, and jigsaw) were manufacturedat the Metabo factory in Germany.