Home Industries Manufacturing Snap-On acquires California-based tools manufacturer for $40 million

Snap-On acquires California-based tools manufacturer for $40 million

By
Ashley Smart
-
A Snap-On power tool. Image courtesy of Snap-On.

Kenosha-based Snap-On, a manufacturer of tools and software for professional technicians, has acquired San Jose, California-based Mountz in a $40 million cash deal. Mountz is a developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products. The acquisition of Mountz expands Snap-On’s torque offerings to customers in a variety of industries

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Ashley Smart
Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.
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Kenosha-based Snap-On, a manufacturer of tools and software for professional technicians, has acquired San Jose, California-based Mountz in a $40 million cash deal. Mountz is a developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products. The acquisition of Mountz expands Snap-On’s torque offerings to customers in a variety of industries including aerospace, transportation and advanced manufacturing. Applications range from assembly of electric vehicle batteries to production of charging infrastructure to fabrication of microelectronic componentry, including chips. Mountz will become part of the company’s Commercial & Industrial Group.

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