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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.
Apex Tool Group is an American supplier of hand tools and power tools.It was formed as a joint venture of Cooper Industries and Danaher by the merger of Cooper Tools and Danaher's Tools and Components segment.
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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The company now focuses more on the do-it-yourself consumer, but at one time made professional construction-grade power tools, which are now being sold under their subsidiary, SKILSAW. SKIL can trace its heritage to the invention of the circular saw by Edmond Michel in 1924, which led to the development of the SKILSAW circular saw Model 77 in 1937.
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