Bosch buys Freud bits & blades divisions
It was announced in a Wood magazine email today that Bosch has bought Freud's drill bit, router bit & saw blade divisions. Freud is retaining their power tool division. A Bosch spokesperson said they will not be making changes to the Freud line and that the familiar red items would not be changing to Bosch blue. This purchase is in line with the Bosch strategy of buying top quality products to add to their tool family. (Bosch bought RotoZip a couple years ago) This is the biggest deal since Black & Decker bought the Pentair Group (which included Porter Cable and Delta) 5 years ago.
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