Home Industries Manufacturing Snap-on makes $36 million acquisition

Snap-on makes $36 million acquisition

By
Arthur Thomas
-
Snap-on acquiring Cognitran

Kenosha-based Snap-on Inc. has acquired AutoCrib Inc. for $36 million in cash, according to an announcement from the company. AutoCrib is based in Tustin, California and had around $30 million in sales last year. The company is a leading designer, manufacturer and marketer of tool and asset control solutions. Snap-on said the deal would complement

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Arthur Thomas
Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.
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Kenosha-based Snap-on Inc. has acquired AutoCrib Inc. for $36 million in cash, according to an announcement from the company. AutoCrib is based in Tustin, California and had around $30 million in sales last year. The company is a leading designer, manufacturer and marketer of tool and asset control solutions. Snap-on said the deal would complement and expand its existing tool control offering to customers in a variety of industrial applications, including aerospace, automotive, military, natural resources and general industry. The deal closed on Sept. 28. BizTimes Insiders get access to the digital edition of our magazine. Read the Sept. 28 issue here:

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