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.