Bosch acquires power tool accessories business of Freud
Bosch is to acquire the power tool accessories business of the Freud Group, headquartered in Milan, Italy. With this acquisition, Bosch is adding to its existing range of power tool accessories, especially high performance circular-saw blades and router bits. The acquisition is subject to approval by the authorities. The companies have agreed not to disclose the purchase price.
The Freud Group is a global supplier of circular-saw blades, router bits, and cutters for enthusiast woodworkers, professional and industrial users. These products are mainly manufactured in four locations around the city of Udine in north eastern Italy. In this area of activity, the company employs some 580 associates worldwide, and generated sales of 100 million euros in 2007.
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