Snap-on’s $36 Million Acquisition Of AutoCrib

Schiff Hardin LLP advised Snap-on Incorporated on the deal.

Snap-on Incorporated, a leading global innovator and manufacturer, announced a $36 million cash offer deal to acquire AutoCrib, Inc. AutoCrib, a designer, manufacturer and marketer of tool and asset control solutions, will join Snap-on’s Commercial & Industrial Group in the company’s 2020 fiscal fourth quarter. The acquisition expands Snap-on’s existing tool control offering to customers in a variety of industrial applications.

The deal was signed on September 28, 2020. Snap-on said AutoCrib will become part of the tools, tool storage and repair systems manufacturer’s Commercial & Industrial Group effective with Snap-on’s fiscal fourth quarter.

The Schiff Hardin team was led by Chris L. Bollinger and also included Hugo A. Gallegos and David P. McHugh (Picture).

Involved fees earner: Chris Bollinger – Schiff Hardin LLP; Hugo Gallegos – Schiff Hardin LLP; David McHugh – Schiff Hardin LLP;

Law Firms: Schiff Hardin LLP;

Clients: Snap-on Inc.;

Author: Ambrogio Visconti