Snapon

Snap-on Incorporated, commonly known as Snap-on, is an American manufacturer and marketer of professional-grade tools and equipment. Headquartered in Kenosha, Wisconsin, the company focuses on tools for automotive repair, manufacturing, aviation, and industrial maintenance.

History and development

Snap-on originated in the early 20th century when a Milwaukee-based tool maker developed a modular, snap-on socket system that allowed rapid changing of sockets on a ratchet. The concept proved popular with professional mechanics, and the company expanded its product lines to include hand tools, torque wrenches, diagnostic equipment, storage systems, and shop furniture.

Business model and operations

Snap-on markets its products primarily through a global network of independent franchisees who operate mobile tool trucks visiting repair shops and other facilities. Additional channels include company-owned stores, e-commerce, and authorized distributors. The business is organized into segments that cover tools (hand tools, sockets, ratchets, torque tools, and related accessories) and equipment (shop equipment, diagnostic tools, power tools, and storage solutions).

Global presence

The company maintains manufacturing and distribution operations in North America, Europe, and Asia, with sales and service spanning more than 60 countries. Its products are widely used by automotive technicians, industrial maintenance professionals, and other trades that require durable, high-performance tools.

Financials and governance

Snap-on is a publicly traded company listed on the New York Stock Exchange under the ticker symbol SNA and is a component of the S&P 500 index.