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Snap-on was founded as the Snap-on Wrench Company in Milwaukee, Wisconsin in 1920 by Joseph Johnson and William Seidemann. [8] 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". [9] In 1930, the company's headquarters moved to Kenosha, Wisconsin.
The company was one of the first to offer mass-produced drop-forged hand tools. [3] A second factory was opened in Buffalo, New York in 1914, now the site of General Motors' Tonawanda Engine plant. [4] The company was acquired by Snap-on in 1993. [citation needed] In 2011 it was officially renamed Snap-on Industrial Brands. [5]
In the mid-1990s Snap-on Incorporated, a global manufacturer and distributor of tools, entered the European market by acquiring the Spanish hand tool company Herramientas Eurotools S.A. In 1999, Snap-on acquired the business area Saws & Tools from Sandvik. The acquired business was named Bahco Group AB, a company with 2500 employees. [4]
This is the same practice as Mac Tools, Snap-on, and Matco Tools, who together make up the four major flags of the mobile tool business. [2] The company was founded in 1919 by Eugene Cornwell, a blacksmith from Cuyahoga Falls, Ohio. [3] Cornwell Tools are sold by local tool distributors who own a territory by means of a franchise. [4]
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