Snap on
There is a difference
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| Public company | |
| Traded as | : SNA S&P 500 Index component |
| Industry | Manufacturing |
| Founded | 1920 Milwaukee, Wisconsin |
| Founder | Joseph Johnson Bill Seidemann |
| Headquarters | Kenosha, Wisconsin |
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Key people
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Nicholas T. Pinchuk, Chairman & CEO Aldo J. Pagliari, CFO |
| Products | Professional Automotive and Industrial Tools and Equipment |
| Revenue |
 $3.430 billion (2016) |
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$0.546 billion (2016) |
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| Total assets |
$4.723 billion (2016) |
| Total equity |
$2.617 billion (2016) |
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Number of employees
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12,100 (2016) |
| Website | www |
Snap-on Incorporated is a designer, manufacturer and marketer of high-end tools and equipment for professional use in the transportation industry including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Snap-on also distributes lower-end tools under the brand name Blue-Point.
Snap-on operates plants in Milwaukee, Wisconsin and Elizabethton, Tennessee. Pneumatic tools are manufactured in Murphy, North Carolina.
The company manufactures tool storage cabinets in its Algona, Iowa plant.
Snap-on produces hand-held electronic diagnostic tools for the computer systems used in most modern cars and heavy duty vehicles, as well as automotive emissions control diagnostics equipment in its San Jose, California diagnostic facility. Snap-on diagnostic products are sold in Europe and Brazil under the name Sun.
Snap-on tools are sold only by dealers and not in retail stores. Snap-on has always maintained the philosophy that the customer's time was too valuable to spend going shopping for tools. Snap-on Franchisees visit their customers in their place of work once weekly, in a van loaded with items for purchase.
The Snap-on TechKnow Express is a van that showcases everything Snap-on has to offer in the realm of Diagnostic equipment, and the Rock 'n Roll Cab Express is a truck with various types of tool storage showing customization options, including units larger than what would fit on a standard Franchisee van. These trucks are typically assigned to a particular region and work within that region with individual Franchisees.
Snap-on was founded as the Snap-on Wrench Company in Milwaukee, Wisconsin in 1920 by Joseph Johnson and William Seidemann. The business manufactured and marketed ten sockets that would "snap on" to five interchangeable handles. The company's slogan was "5 do the work of 50".
After World War II, Palmer advertised for a military officer to organize and develop a larger sales force for the expected post war sales boom. Newton Tarble was hired, and came up with the idea of developing routes for company dealers to see mechanics on a weekly basis. Eventually these salesmen became independent businessmen and authorized dealers using larger walk in vans to carry a growing product line.
In 1975, Snap-on opened a manufacturing plant in Johnson City, Tennessee and closed the plant in 2007.
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Wikipedia