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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