Snap-on Incorporated (NYSE:SNA) reported second quarter net sales of $954.6 million, an increase of $33.2 million, or 3.6 percent, from 2017 levels, reflecting a $12.1 million, or 1.3 percent, organic sales gain, $8.1 million of acquisition-related sales, and $13.0 million of favorable foreign currency translation. Operating earnings before financial services of were $193.1 million or […]
Snap-On Adds Capabilities to Support Collision Repair Diagnostics
New coverage helps collision repair shops perform diagnostic scans on standard and advanced driver assistance systems. Snap-on announced that it’s most recent software upgrades to its diagnostic scan tool products perform full system code scans mandated by vehicle manufacturers for pre- and post-collision repair work. “Our Snap-on diagnostic platforms offer the most comprehensive coverage in […]
SCRS, March Taylor Memorial Fund and Snap-On Award SkillsUSA Gold Medalists Tool Grants
The Society of Collision Repair Specialists (SCRS), the March Taylor Memorial Fund (MTMF) and Snap-on announced that for the third consecutive year, SCRS and MTMF have partnered to provide a $1,250 tool grant to each of the SkillsUSA National Championship Gold Medalists in the high school and post-secondary levels to help the recipients secure tools […]
Blackhawk Partners with 1Collision Network
Blackhawk, the collision repair equipment manufacturer, has been designated as a strategic partner by the 1Collision Network. With this designation, Blackhawk collision equipment products are a recommended choice for 1Collision Network body shop partner locations across the country. “We want to thank the 1Collision Network for choosing Blackhawk as a preferred provider of products for […]
National Industry Goodwill Tour Kicks Off SkillsUSA Week
To kick off SkillsUSA Week, executive director Tim Lawrence and director of business partnerships and development Christa Floresca visited five of SkillsUSA’s finest partners to thank them for their support. Their tour began at the headquarters of IAA in Chicago. President and CEO John Kett, along with executives Don Hermanek and Rita Figi, welcomed the […]
Polaris Private Equity Comments on Car-O-Liner Sale to Snap-On
Polaris, the private equity firm that acquired Car-O-Liner in 2012, explained the rationale for the sale of the company to Snap-On that was announced earlier this week. With Polaris as its owner, the company has seen a period of rapid expansion while simultaneously strengthening its position in the US and China. Jan Dahlqvist, a Polaris […]
Snap-on to Acquire Car-O-Liner for $155 Million
Snap-on Incorporated (NYSE:SNA) today announced that it has entered into an agreement to acquire Car-O-Liner Holding AB for approximately $155 million in cash. Based in Gothenburg, Sweden, Car-O-Liner, that had trailing 12 month sales of approximately $95 million, is a global provider of collision repair equipment and information and truck alignment systems. Subject to certain […]
Collision Repair Education Foundation Announces Scholarship Recipients
The Collision Repair Education Foundation announced the recipients of the first round scholarships in 2016 provided to students pursuing a career in the collision repair industry. The scholarship program, funded through the support of the industry, is provided annually to support those who represent the future of the industry both through direct financial assistance and […]
Snap-on Announces New Chairman of the Board Declares Dividend
Snap-on Incorporated (NYSE: SNA) announced that Dale F. Elliott, Snap-on president and chief executive officer, and a member of its board of directors, has been elected to the additional position of chairman of the board. Elliott, 47, assumes the role from retiring chairman, Robert A. Cornog. “We thank Bob for his many contributions to Snap-on […]
Snap-on Incorporated Makes Announcement
Snap-on Incorporated (NYSE:SNA) announced yesterday that chairman, president and chief executive officer, Robert A. Cornog, underwent surgery this week and it was successful. He is expected to return to his full-time duties after a suitable recovery period. Donald S. Huml, senior vice president-finance and chief financial officer, temporarily will take on the oversight of day-to-day […]