Snap-on Inc

Snap-on is a global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users. The company serves professionals in vehicle repair, aerospace, the military, natural resources, and manufacturing. Founded in 1920, Snap-on sells its products and services through a network of franchisee vans, direct channels, and distributor channels, under various brands. The company also offers financing programs to support product sales and its franchise business. Snap-on markets its products and brands worldwide in more than 130 countries, with the United States as its largest geographic market. It also has a significant presence in continental Europe, the Asia Pacific region, Canada, and the United Kingdom. Snap-on originated with an interchangeable socket set and pioneered mobile tool distribution in the automotive repair market, where vans sell to professional vehicle technicians at their workplaces. The company's "coherent growth" strategy aims to expand its professional customer base in its automotive market, as well as in adjacent markets, additional geographies, and other critical industries where the cost and penalties for failure are high. Snap-on also employs "Value Creation Processes" focusing on safety, quality, customer connection, innovation, and rapid continuous improvement ("RCI").