Snap on tools incorporated

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How is that personal information used by us? Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes. Snap-on Incorporated SNA. Latest Trade Change -- Pricing Previous Close. Today's High. Today's Low. Shares Out MIL. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

It also provides handheld and PC-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics.

In addition, the company offers solutions for the service of vehicles and industrial equipment that include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane equipment, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers, and hoists.

Further, it provides financing programs to facilitate the sales of its products and support its franchise business. The company serves the aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education industries, as well as vehicle dealerships and repair centers. Snap-on Incorporated was founded in and is based in Kenosha, Wisconsin. Yahoo Finance.

Sign in. In response, Snap-On reorganized its management structure to allow separate accountability for its three business areas: Finance, Manufacturing and Technology, and Marketing and Distribution. As Snap-On management looked to the end of the 20th century, management recognized that the corporation would have to adjust to fundamental changes in its business to achieve the high levels of return it sought. Believing that improved automotive quality and warranty programs had caused slower repair volume growth and had shifted work to the auto dealers, Snap-On determined to develop new products and services for existing customers while reaching out to the new markets as well.

Snap-On management began to consider whether other services, such as a credit card for general use, might profitably be offered to its credit-proven customers, who were in weekly contact with Snap-On dealers. Outside sourcing of products, which already accounted for 35 percent of Snap-On's manufacturing, was considered an opportunity for cost savings.

International and industrial markets were seen as offering a possible means toward the growth to which Snap-On had always been accustomed. In maintaining its strategy in searching for new markets, during the late s management at Snap-On decided to enter into a licensing agreement with Stylus Writing Instruments to manufacture and market office products under its own brand name. Snap-On office tools, such as staples, staple removers, and tape dispensers, were marketed with the designation, "Made in the USA.

Inaugurating a private label tool line known as Kobalt, the two companies were positioning themselves to compete against Sears' Craftsman brand, Wal-Mart's Popular Mechanics, and Home Depot's Husky brand name tool line. Since sales of Snap-On hand tools was estimated to increase at 1. Snap-On announced a comprehensive plan to restructure its entire operation during the summer of , including the elimination of more than 1, jobs to increase profitability.

The plan was designed to close five manufacturing facilities and five warehouses, discontinue a number of product lines, consolidate some business units, and close more than 40 small sales offices throughout North America and Europe. With more than patents and numerous pending patent applications, Snap-On continues to encourage its research and development team to challenge the ordinary way of doing things.

The company has been at the forefront of designing new tools for many industrial, medical diagnostic, automotive, and aerospace applications and also will remain one of the most innovative marketers within the tool manufacturing industry for years to come. James Press, As consumers, we often take for granted all the hard work that goes into building a great company. We see them around but we don't know what goes on behind the scenes. Finally, we can read about how these great companies came about with Company Histories.

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