KENOSHA, Wis. (May 30, 2014) — Auto service tool maker Snap-on Inc. has acquired substantially all of the assets of Pro-Cut International Inc. for about $42 million.
Pro-Cut, with 2013 sales of about $24 million, designs, manufactures and distributes on-car brake lathes, related equipment and accessories used in brake servicing by auto repair facilities.
“Pro-Cut’s advanced brake servicing product line enhances and increases Snap-on’s offering of productivity solutions for vehicle repair facilities, including independent shops, national service chains and OEM dealerships,” said Nick Pinchuk, Snap-on chairman and CEO.
“We believe Pro-Cut will be an important addition to our Repair Systems & Information Group and will help us move further along our coherent growth runway of expanding with repair shop owners and managers. We look forward to welcoming Pro-Cut associates to the Snap-on family.”
Snap-on is a $3.1 billion company based in Kenosha that offers tools, equipment, diagnostic hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers.
Do so-called “Religious Freedom” laws in place in some states impact how companies do business, and do you support them?
|I support them and don’t think they have any effect on how I do business||
|I don’t support them; they have a negative effect on businesses||
|I think more research should be done about these laws’ impact before they’re enacted||
|They’re horrible, an infringement on the rights of certain groups or individuals and shouldn’t be the law anywhere||