Who Owns Snap On? The Talks Today

May 2024 · 2 minute read

American agency Snap-on Incorporated designs, produces, and markets high-end devices and kit for use by professionals throughout the transportation sector, along with the automotive, heavy gear, marine, aviation, and railroad sectors. Snap-on, which has its headquarters in Kenosha, Wisconsin, moreover sells low cost devices beneath the Blue-Point trademark. Matco, Mac Tools, Cornwell Tools, and Ko-Ken Tools are amongst their important rivals.

The enterprise has supported Penske Racing teams throughout the IndyCar, Xfinity Series, and NASCAR Cup Series. In 1979, Rick Mears was the first driver with whom Snap-on turned affiliated. Cruz Pedregon has been sponsored by Snap-on since 1992.

Tony Pedregon, the brother of Cruz, has been sponsored by the enterprise since 2004. Since 1998, Snap-on has moreover supported the Repsol Honda Team throughout the MotoGP. Doug Herbert, an NHRA drag driver, was sponsored by Snap-on from 1992 via 2008. The enterprise supported Penske Racing all through the 2010 racing season.

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Who Owns Snap On?

Snap-on is a division of Snap-on Incorporated, a publicly traded enterprise with the ticker code SNA. In totally different phrases, the company’s shares are held by individuals and institutions within the an identical method that they’re held by totally different publicly traded firms like Coca-Cola, Apple, Home Depot, and Stanley Black & Decker.

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