Summary
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products. It also provides handheld and computer-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics. In addition, the company offers solutions for the service of vehicles and industrial equipment that include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane equipment, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers, and hoists, as well as after-sales support services and training programs. Further, it provides financing programs to facilitate the sales of its products and support its franchise business. The company serves the aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education industries, as well as vehicle dealerships and repair centers. Snap-on Incorporated was founded in 1920 and is based in Kenosha, Wisconsin.
History
Snap-on was founded as the Snap-on Wrench Company in Milwaukee, Wisconsin in 1920 by Joseph Johnson and William Seidemann. The business manufactured and marketed ten sockets that would "snap on" to five interchangeable handles. The company's slogan was "5 do the work of 50". In 1930, the company's headquarters moved to Kenosha, Wisconsin.After World War II, Stanton Palmer advertised for a military officer to organize and develop a larger sales force for the expected post war sales boom. Newton Tarble was hired, and came up with the idea of developing routes for company dealers to see mechanics on a weekly basis. Eventually these salesmen became independent businessmen and authorized dealers using larger walk in vans to carry a growing product line.
The company opened their wrench forging plant in Elizabethton, Tennessee in 1974. The next year, Snap-on opened a manufacturing plant in Johnson City, Tennessee and closed the plant in 2007.In 1998, workers at the company's Milwaukee plant voted to join the Teamsters labor union and the company expanded the facility in 2013.In 2010, the Murphy, North Carolina plant was named one of the top 10 plants in North America by IndustryWeek. In 2011, J.H. Williams & Co was officially renamed Snap-on Industrial Brands.
Mission
Snap Inc. is a technology company. We believe the camera presents the greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.
Vision
At Snap, we have a long track record of pioneering industry changing innovation, and we like to think that kindness is our business superpower - it’s not a constraint on our growth, it’s a driver. We strive to live up to our values of being kind, smart, and creative in how we operate as a business, support our team, community, partners, society and the planet.
Key Team
Mr. Thomas J. Ward (Sr. VP and Pres of Repair Systems & Information Group)
Mr. Timothy L. Chambers (Sr. VP & Pres of Snap-on Tools Group)
Maria J. Vieira (VP of Operations, Commercial & Industrial Group)
Mr. June C. Lemerand (VP & Chief Information Officer)
Sara M. Verbsky (VP of Investor Relations)
Richard T. Miller (VP, Gen. Counsel & Sec.)
Mr. Samuel E. Bottum (Chief Marketing Officer & VP)
Recognition and Awards
Snap Inc. won 3 awards in 2022. In 2022, Snap Inc. won for Best Company Perks & Benefits, Best Company Compensation and Best Places to Work in Los Angeles 2022. Based on 5,596 ratings and 695 participants, employees at Snap Inc. are very satisfied with their work experience. The overall culture score, 82/100 or A+, incorporates employee ratings based on their feedback on the Compensation, Retention, Meetings and more.
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