This is a wrench that appears to be of indifferent quality. I've never seen another one here in Canada but possibly it's from a vehicle toolkit.
Coming from the DDR (East Germany) we can date it roughly between the late 40s to 1989. During that era all industry was VEB- Volkseigener Betreib- meaning State-run industry, the acronym also acquired a tongue in cheek translation- Vatis ehemaliger Betrieb- Daddy's former business...
With Rolf's help, I found the listing below but I did not find much more info.
VEB tool factory Radebeul, Belongs to Combine VEB tool combine Schmalkalden
address: Wilhelm-Pieck-Strasse 11, PF 46, DDR-8122 Radebeul
phone: Dresden 79931 telex: 028943, 025221
Products and services; wrenches, pruning shears
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