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).
Law Firms: Schiff Hardin LLP;
Clients: Snap-on Inc.;