Question: I have been a shareholder of Snap-on Inc. and am rearranging my portfolio. Is it worth keeping?
Answer: There’s more to this company that was founded in 1920 than just a traveling van emblazoned with its name and loaded with tools.
A pioneer in interchangeable sockets and wrench handles that “snap on,†the company offers products and services in more than 150 countries. Franchisees operate more than 3,000 vans in the US that regularly visit vehicle service technicians and shopowners.
Its tools, equipment, diagnostics and repair information are sold primarily to independent vehicle repair centers, as well as new vehicle dealerships and a variety of other industries. More.