Pioneering the idea of interchangeable sockets and wrench handles, Joseph Johnson together with William Seidemann, formed the Snap-on Wrench Company in 1920. The company manufactured and marketed ten sockets that would "snap on" to five interchangeable handles, a concept that revolutionised the tool industry. Snap-on has continued its innovative leadership across an ever-expanding line of products to this day.
Snap-on entered the international arena in 1931. Also in the 1930s, Snap-on began offering credit to customers and was the first in the industry to do so. In the 1950s, Snap-on expanded on the concept of bringing product to the customer by using fully stocked walk-in vans and, as a result, pioneered today's familiar franchisee van channel.
For decades, we were viewed, and we viewed ourselves, primarily as a tool company selling through these vans to vehicle repair technicians — something we have always done very well, and continue to do very well today. Now we define our value proposition more broadly, reaching beyond the garage. Snap-on today supports serious professionals in critical industries — inside and outside vehicle repair — by delivering a broad array of productivity solutions that make work easier, including tools, equipment, diagnostics, repair information and systems solutions.
Today, Snap-on is a $3.4 billion, S&P 500 company headquartered in Kenosha, Wisconsin, offering products and services that are available around the world.