Add-on Acquisition • Machinery

Snap-on Acquires Sioux Tools

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Snap-on

Kenosha, Wisconsin, United States

Category	Company
Founded	1920
Sector	Machinery
Employees	13,000
Revenue	4.7B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	1 of 16
Sector: Machinery	1 of 8
Type: Add-on Acquisition	1 of 14
State: Iowa	1 of 1
Country: United States	1 of 9
Year: 1994	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

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

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