Overview of Snap-on! - America's Expensive and Worthwhile Brand
- 08 Aug, 2022
Snap-on Incorporated develops, manufactures, and distributes tool and equipment solutions worldwide. The company offers hand and power tools, diagnostic and procurement equipment, tool storage products, diagnostic software, and other solutions for the automotive service industry. Snap-on serves customers in the United States. Snap-on also distributes lower-end tools under the Blue-Point brand. Their main competitors today include Matco, Mac Tools, Cornwell Tools, and Ko-Ken Tools.
III. Sponsorship activities for racing teams
IV. Official genuine distribution in Vietnam
V. Promotion program on the occasion of Grand Opening
I. Memorable milestones
Snap-on was founded in 1920 as the Snap-on Wrench Company in Milwaukee, Wisconsin by Joseph Johnson and William Seidemann.
Together, the two researched and developed ten interchangeable socket heads that could be “Snap -On ” to five different handles. With the slogan “ Five do the work of Fifty, ” an industry-defining company was born.
After obtaining its first patent in the 1920s, Snap-On continued to grow and expand its facilities to 20 different cities, and by 1925, the company had 17 branches and 165 sales staff dedicated to marketing hand tools directly to mechanical engineers.
The early 1940s marked by World War II, the military upgraded the specifications of Snap-on materials and authorized the purchase of nickel alloy steel, which has since become the standard for Snap-on products.
After the war, in order to organize and develop a larger sales force for the expected post-war sales boom, Newton Tarble was hired and came up with the idea of developing routes for the company's dealers to visit the mechanics on a weekly basis. Eventually these salesmen became independent businessmen and authorized dealers who used vans to transport a growing product line. The precursor to the Snap-On Vans that were launched in the UK in 1965.
In 1990, Snap-on became the first mobile tool company in the United States to convert to a franchise operation. Standardized products and operations, training and support programs, and a focused marketing plan fostered strong relationships between Snap-on and its partners. In 1994, Entrepreneur Magazine ranked Snap-on as a “top franchise.”
In 2017, the President of the United States and senior administration officials visited Snap-On at its headquarters in Kenosha, affirming the importance of American manufacturing and American workers as well as the expectations for this famous brand.
II. Acquisitions
- In 2014, Snap-On acquired New Hampshire-based Pro-Cut for $42 million. In October 2016, Snap-On acquired Car-O-Liner Holding AB, a Swedish collision repair tool company, for $155 million.
- Later that year, the company acquired Sturtevant Richmont for $13 million.
- In May 2017, Snap-On acquired Norbar Torque Tools Holdings Limited for $72 million.
- In September 2020, Snap-On acquired Tustin, California-based AutoCrib Inc. for $36 million.
- In March 2021, Snap-on acquired Canada-based Dealer-FX Group for $200 million.
III. Sponsorship activities for racing teams
Snap -On also has many charitable educational sponsorships and various other areas. At the same time, Snap-On also has a number of long-term sponsorships with various teams and drivers in the world of motorsport.
The company has sponsored Penske Racing teams in the NASCAR Cup Series and Xfinity Series as well as IndyCar. The first driver Snap-on signed was Rick Mears in 1979.
Since 1992, Snap-on has sponsored Cruz Pedregon.
In 2004, the company began sponsoring Cruz's brother, Tony Pedregon.
Snap-on has also sponsored the Repsol Honda Team in MotoGP since 1998.
IV. Official genuine distribution in Vietnam
From August 2022, PHU THAI TECH officially becomes the official distributor of Snap-On in Vietnam . This cooperation will bring many shopping advantages to fans of this world-leading high-end tool line:
- Reliable shopping address, with full import documents, genuine from the US.
- Ensure full promotion programs and warranty programs from the manufacturer.
- Super competitive price, same as US price but no US-VN shipping fee.
Speaking of PHU THAI TECH, many people know a company that represents and distributes genuine, high-end products from famous brands in the world. From hand tools with PB Swiss Tools, Wera, KNIPEX, Facom, Garant, Hazet... to cutting tools with KYOCERA, Carmex, ADVANCED, or machine tools such as Makita, DeWalt, Milwaukee..., any high-end product that customers are looking for and desire can be found at PHU THAI TECH.
With 4 offices and 3 showrooms across the country, PHU THAI TECH meets the needs of customers who want to visit and experience the products directly. At the same time, the staff is enthusiastic, professional, ready to advise and bring the best services to customers. Not only that, with the era of technology and the increasing demand for online shopping, PHU THAI TECH's official Eshop phuthaitech.com.vn is the perfect choice for shopping anytime, anywhere. Rich product codes, fast service, professional service and easy payment are what you will find at PHU THAI TECH.
Snap-On is an important piece of PHU THAI TECH on the path to affirming its position as the LEADING HIGH-CLASS HANDTOOLS distributor in VIETNAM .
V. Promotion program on the occasion of Grand Opening
On the occasion of GRAND OPENING Snap-On on PHU THAI TECH system, the PRE-ORDER program with a discount of up to 15% is only applied ONE TIME ONLY from August 1 to August 31 :
- 5% off any Snap-On order (enter code → SNAPON5 at checkout)
- 10% off Snap-On orders from 5 million or more (enter code → SNAPON10 at checkout)
- 15% off Snap-On orders from 10 million or more (enter code → SNAPON15 at checkout)
Delivery time is 6-8 working weeks from the date the customer completes payment or deposit for the PRE-ORDER order.
You can pay via bank transfer according to the bank information sent below or contact PHU THAI TECH directly for support with payment methods via VISA card and installment payment via credit card.
❖ Bank information:
EXIMBANK – Nguyen Son Transaction Office – Cong Hoa Branch
- Account holder: PHU THAI TECHNOLOGY COMPANY LIMITED
- Account number: 140914851029738
VIETCOMBANK - HUNG VUONG BRANCH - NGUYEN SON TRANSACTION OFFICE.
- Account holder: PHU THAI TECHNOLOGY COMPANY LIMITED
- Account number: 042 1000 477 117
TECHCOMBANK - HO CHI MINH CITY BRANCH
- Account holder: PHU THAI TECHNOLOGY COMPANY LIMITED
- Account number: 19035913434012
