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Dremel then developed the high-speed lightweight rotary tool, later named the Dremel Multitool, for which the company continues to be known. That invention was successful in the hobby and craft market. In 1948, Dremel gave his employees a 3% year-end share of profits, seen as a radical idea at the time. Dremel died on 18 July 1968 at the age of 81.
The Ridge Tool Company is an American manufacturing company that makes and distributes tools under the Ridgid brand name. The company was founded in 1923 in North Ridgeville, Ohio . [ 1 ] In 1943, it relocated to its current location in Elyria, Ohio , and in 1966, it became a wholly owned subsidiary of Emerson Electric .
The company was one of the first to offer mass-produced drop-forged hand tools. [3] A second factory was opened in Buffalo, New York in 1914, now the site of General Motors' Tonawanda Engine plant. [4] The company was acquired by Snap-on in 1993. [citation needed] In 2011 it was officially renamed Snap-on Industrial Brands. [5]
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Husky Wrench was founded in Milwaukee, Wisconsin on January 29, 1924 by Sigmund Mandl, who had immigrated to the United States from Czechoslovakia.By 1928, Husky had established a significant collaboration with the J.H. Williams Tool Group, with Williams distributing Husky wrenches in its mechanic's tool sets.
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