Kenosha, Wisconsin-based Snap-on Inc., a global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users, has acquired the assets of AutoCrib Inc. for approximately $36 million in cash. Founded in 1920, Snap-on is a $3.7 billion, S&P 500 company.
Based in Tustin, California, with 2019 sales of approximately $30 million, AutoCrib designs, manufactures, and markets tool and asset control solutions. The company’s diverse product line, in combination with its flexible asset tracking software, authors customized systems that ensure accountability, control, and accuracy for a wide range of critical industries.
AutoCrib custom vending solutions include its easily recognizable bright red RoboCrib and AutoCrib industrial vending machines, automated industrial locker systems, and FOD prevention and control solutions.
AutoCrib will be part of the Snap-on’s Commercial & Industrial Group, effective the 2020 fiscal fourth quarter. The acquisition complements and expands Snap-on’s existing tool control offering to customers in aerospace, automotive, military, natural resources, and general industry.