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Snap-on Acquires AutoCrib

The addition of AutoCrib further expands Snap-on’s offering of tool control and productivity solutions for critical industries.
Snap-on 1Q 2022 sales earnings
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Snap-on Inc. (NYSE: SNA), Kenosha, Wisconsin, on Tuesday announced that it acquired AutoCrib Inc. for $36 million.

Based in Tustin, California, with 2019 sales of approximately $30 million, AutoCrib is a designer, manufacturer and marketer of tool and asset control solutions. AutoCrib will be part of Snap-on’s Commercial & Industrial Group, effective with Snap-on’s 2020 fiscal fourth quarter.

Snap-on said the acquisition complements and expands the company’s existing tool control offering to customers in a variety of industrial applications, including aerospace, automotive, military, natural resources and general industry.

Photo courtesy Snap-on Inc.

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Eric Smith

Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
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