Company Profile
Updated: 17-SEP-09Snap-On Inc.
Public Company, Headquarters Location
PO Box 1410, Kenosha, WI 53141-1410, United States
(877)762-7661, (262)656-5200, (262)656-5577 fax, http://www.snapon.com
Primary SIC: Hand & Edge Tools, Primary NAICS: Hand and Edge Tool Manufacturing
Description: Snap-On Incorporated was incorporated in Wisconsin in 1920 and reincorporated in Delaware in 1930. The company is a global manufacturer and marketer of tools, diagnostics equipment, software and service solutions for professional users. Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as customers in industry, government, agriculture, aviation and natural resources. Snap-on also derives income from various financing programs to facilitate the sales of its products. Reportable business segments include: the Commercial and Industrial Group, the Snap-on Tools Group, the Diagnostics and Information Group and Financial Services. The company's facilities in the United States occupy approximately 3.6 million square feet, of which 72% is owned, including its corporate and general office facility located in Kenosha, Wisconsin. Snap-on's facilities outside the United States occupy approximately 3.6 million square feet, of which approximately 63% is owned. The company markets its products and brands in approximately 130 countries. Recent acquisitions include: a 60% interest in Zhejiang Wanda Tools Co., Ltd. for $15.4 million and the ProQuest Business Solutions business and certain net assets from ProQuest Company for $521.7 million cash and $19 million of assumed debt. More
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Manufacturing: Mechanic's hand tools, equipment, power and electronic diagnostic tools and storage units.
Recent News Articles
- CEO INTERVIEW: SNAP-ON TOOLS, INC. - NICHOLAS PINCHUK.
Wall Street Transcript Digest - June 30, 2009 - Auto News Digest.(NEWS)(OEConnection.com's partnership with Snap-on Business Solutions Inc.)(Automotive Youth Education Systems' partnership with National Institute for Automotive Service Excellence)(Brief article)
Automotive News - February 02, 2009 - Zacks Analyst Blog Highlights: Crocs Inc., TC PipeLines, L.P., Snap-on, Inc., Banco Santander Central Hispano, SA and Medtronic, Inc.
Business Wire - November 20, 2008 - New Products.(Tracer Products introduces leak detectors)(Snap-on Inc. introduces diagnostic equipment)(SPX Corp. introduces diagnostic software)
Tire Business - October 27, 2008
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