A replaceable blade assembly is used to secure tool blades to the jaws of a material handler and comprises a holder secured to the jaw and a blade insert which is releasably secured thereto. The holder has a face with an elongated intermediate portion, an inclined end portion adjacent its outer end, a channel extending along the elongated intermediate portion, and a recess in the inclined end portion. The blade insert has a first face for mounting against the face of the holder with an elongated intermediate portion bearing against the elongated intermediate portion of the holder. A inclined end portion adjacent the outer end of the blade insert bears against the inclined end portion of the holder, and a spine on the elongated portion seats in the channel of the holder. A projection on the outer end of the blade insert seats in the holder recess, and a fastener releasably secures the inner end of the insert to the inner end of the holder.