S-B Power Tool Corp. and Vermont American Corp. recently announced the formation of the Robert Bosch Tool Corp., a company with over $1 billion in annual sales and more than 5,000 employees. As of Jan. 1, 2003, all brands under the former S-B Power Tool Corp. and Vermont American Corp. names (Bosch Power Tools, Skil Power Tools, Dremel, Vermont-American, Primark brands, and Gilmour) are now part of the Robert Bosch Tool Corp.
Furthermore, in a newly created position, Reiner Beutel joins Robert Bosch Tool Corp. as its chairman, president and chief executive officer. He is responsible for all Bosch North American power tool, accessory and lawn and garden business units. At the same time, Beutel was appointed to the Germany-based board of management of the Bosch Power Tools Division for Robert Bosch GmbH. Beutel’s team will include the leaders of the four newly created business units as well as the functions that are shared across all units: sales, finance and administration.