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"We are excited about this acquisition because Roto Zip fits well into our company strategy," said Reiner Beutel, president, chairman and CEO, Robert Bosch Tool Corporation. "Bob and Becky Kopras have created and built this market segment through their vision and hard work. We look forward to helping grow Roto Zip further."
Bosch and Roto Zip have had a long-standing business relationship in which Bosch has been Roto Zip's primary manufacturing supplier. Bosch has manufactured the Roto Zip Spiral Saw since 1990. The acquisition will provide improved engineering and manufacturing synergies.
"Our company has had a long and beneficial relationship with Bosch," said Bob Kopras, president and CEO, Roto Zip Tool Corporation. "I believe Bosch will be able to continue to strengthen the Roto Zip brand and will work hard to serve the needs of our customers."
Robert Bosch Tool Corporation is the North American division of the worldwide Robert Bosch Power Tool Group, headquartered in Germany. The company employs more than 4,300 associates and had 2002 sales in excess of one billion dollars for Power Tools and Accessories. The Bosch Group, headquartered in Stuttgart, Germany, employs more than 225,000 associates in over 220 facilities and had sales in 2002 of nearly 35 billion Euro.