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Manufacturing

Snap-On acquires California-based tools manufacturer for $40 million

Ashley Smart
By Ashley Smart
A Snap-On power tool. Image courtesy of Snap-On.
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Kenosha-based Snap-On, a manufacturer of tools and software for professional technicians, has acquired San Jose, California-based Mountz in a $40 million cash deal. Mountz is a developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products. The acquisition of Mountz expands Snap-On’s torque offerings to customers in a variety of industries

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