Printer Friendly

EMERSON ELECTRIC CO. AND ROBERT BOSCH GMBH JOINT VENTURE TO BEGIN OPERATION IN OCTOBER

EMERSON ELECTRIC CO. AND ROBERT BOSCH GMBH JOINT VENTURE TO BEGIN OPERATION
 IN OCTOBER
 ST. LOUIS, Oct. 1 /PRNewswire/ -- Emerson Electric Co. (NYSE: EMR) and Robert Bosch GmbH announced today that they have completed the formation of the previously announced joint venture for the development, manufacture and distribution of power tools. The new joint venture, S-B Power Tool Company, based in Chicago, will combine the operations of Skil Corporation, an Emerson subsidiary, and of Robert Bosch Power Tool Corporation, a U.S. subsidiary of Robert Bosch.
 Emerson and Bosch signed a letter of intent in November 1991, establishing the joint venture. The consummation of the joint venture follows U.S. and German regulatory approvals. Both companies have an equal interest in the venture.
 Robert Bosch Power Tool Corporation manufactures portable electric power tools primarily for professional use in its New Bern, N.C., facility. Skil Corporation has four manufacturing facilities; two in Arkansas; one in Mexicali, Mexico; and one in Breda, Netherlands; and manufactures power tools primarily for consumer use and the home building market.
 Since July 1990, Bosch and Emerson each have also held a 50 percent interest in Vermont American Corporation, a diversified manufacturer and marketer of cutting tools, power tool accessories, hand tools, and lawn and garden products for consumer and industrial use.
 Emerson Electric Co., based in St. Louis, manufactures a broad range of electronic, electrical and other products for consumer, commercial and industrial markets.
 Robert Bosch GmbH, based in Stuttgart, Germany, manufactures electronic automotive equipment, communications technology equipment, consumer goods and capital goods.
 -0- 10/01/92
 CONTACT: William K. Anderson or James R. Orso of Emerson Electric Co., 314-982-1700
 (EMR) CO: EMERSON ELECTRIC CO.; ROBERT BOSCH GMBH ST: MO -- NY020 -- X944 10/01/92
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 1, 1992
Words:290
Previous Article:FALL THROUGH SPRING 'EMERALD ESCAPES' LAUNCHED BY AER LINGUS
Next Article:GRANCARE EXPANDS PHARMACY OPERATIONS
Topics:


Related Articles
EMERSON ELECTRIC AND ROBERT BOSCH GmbH ANNOUNCE LETTER OF INTENT FOR POWER TOOL JOINT VENTURE
EMERSON ELECTRIC AND ROBERT BOSCH GmbH ANNOUNCE LETTER OF INTENT FOR POWER TOOL JOINT VENTURE
MORTON AND BOSCH FORM JOINT VENTURE
MALLINCKRODT GROUP NAMES NEW BOARD MEMBER
PLAN ANNOUNCED FOR ROBERT BOSCH TO ACQUIRE EMERSON ELECTRIC INTEREST IN S-B POWER TOOL COMPANY
Jidosha Kiki, Bosch and Zexel Sales Form Joint Venture in Thailand
ZF Group and Bosch Sign Cooperation Agreement for Steering Technology
Bosch and Samsung SDI Co. Ltd. Plan Joint Venture to Develop and Manufacture Lithium-Ion Batteries.
Lithium-ion Batteries, The Future for Hybrid and Electric Vehicles.
Bosch Electrical Drives to start operations in India.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters