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  6. Snap-on Acquires Sioux Tools

M&A Deal Summary

Snap-on Acquires Sioux Tools

On November 10, 1994, Snap-on acquired machinery company Sioux Tools

Acquisition Highlights
  • This is Snap-on’s 1st transaction in the Machinery sector.
  • This is Snap-on’s 1st transaction in the United States.
  • This is Snap-on’s 1st transaction in Iowa.

M&A Deal Summary
Date 1994-11-10
Target Sioux Tools
Sector Machinery
Buyer(s) Snap-on
Deal Type Add-on Acquisition

Target

Sioux Tools

Sioux City, Iowa, United States
Sioux Tools, Inc. is a manufacturer of industrial power tools. Sioux produces a line of more than 4,500 air tools, valve grinding equipment items, electric tools and service parts for industrial users.

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Buyer(S) 1

Buyer

Snap-on

Kenosha, Wisconsin, United States
Category Company
Founded 1920
Sector Machinery
Employees13,000
Revenue 4.7B USD (2024)
DESCRIPTION
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.

Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Snap-on was founded in 1920 and is based in Kenosha, Wisconsin.

DEAL STATS #
Overall 1 of 16
Sector: Machinery M&A 1 of 8
Type: Add-on Acquisition M&A Deals 1 of 14
State: Iowa M&A 1 of 1
Country: United States M&A 1 of 9
Year: 1994 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Sandvik - Saws & Tools Business

Sandviken, Sweden

Sandvik - Saws & Tools Business is a manufacturers and suppliers of professional hand tool products.

Buy $400M
Mergr

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