Retail

Snap-on acquires Pro-Cut International

Posted on June 3, 2014

Snap-on Inc. has acquired substantially all of the assets of Pro-Cut International Inc. for approximately $42 million in cash.

Pro-Cut, with 2013 sales of approximately $24 million, designs, manufactures and distributes on-car brake lathes, related equipment and accessories used in brake servicing by automotive repair facilities.

“Pro-Cut’s advanced brake servicing product line enhances and increases Snap-on’s offering of productivity solutions for vehicle repair facilities, including independent shops, national service chains and OEM dealerships,” says Nick Pinchuk, Snap-on chairman and chief executive officer.

“We believe Pro-Cut will be an important addition to our Repair Systems & Information Group and will help us move further along our coherent growth runway of expanding with repair shop owners and managers. We look forward to welcoming Pro-Cut associates to the Snap-on family.”

Related Topics: On-car brake lathes, Pro-Cut International, Snap-on, Tools

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