Snap‑on Incorporated Acquires Mountz, Inc.
November 7, 2023
Snap‑on Incorporated acquired Mountz, Inc., a San Jose–based developer and manufacturer of high‑precision torque tools, for approximately $40 million in cash on November 1, 2023. The purchase expands Snap‑on's torque product capabilities and end‑market coverage across aerospace, transportation (including EV battery assembly), and advanced manufacturing.
- Buyers
- Snap‑on Incorporated
- Targets
- Mountz, Inc.
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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