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  5. Snap-on Acquires Zhejiang Wanda Tools Co.

M&A Deal Summary

Snap-on Acquires Zhejiang Wanda Tools Co.

On March 5, 2008, Snap-on acquired machinery company Zhejiang Wanda Tools Co. for 15M USD

Acquisition Highlights
  • This is Snap-on’s 3rd transaction in the Machinery sector.
  • This is Snap-on’s 11th largest (disclosed) transaction.
  • This is Snap-on’s 1st transaction in China.

M&A Deal Summary
Date 2008-03-05
Target Zhejiang Wanda Tools Co.
Sector Machinery
Buyer(s) Snap-on
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Zhejiang Wanda Tools Co.

Zhejiang, China
Zhejiang Wanda Tools Co., Ltd. is a manufacturer of all kinds of manual and pneumatic hardware tools.

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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 4 of 16
Sector: Machinery M&A 3 of 8
Type: Add-on Acquisition M&A Deals 2 of 14
Country: China M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-23 ProQuest Business Solutions

Richfield, Ohio, United States

ProQuest Business Solutions is a provider of electronic parts catalogs. ProQuest products transform complex technical data for parts catalogs into easily accessed electronic information for the world's automotive, power equipment and power sports manufacturers and their dealer networks. ProQuest also provides warranty management systems and analytics to help dealerships manage and track performance. ProQuest Business Solutions is based in Richfield, Ohio.

Buy $499M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Central Purchasing

Camarillo, California, United States

Founded in 1977, Harbor Freight Tools is the leading discount tool retailer in the U.S. selling great quality tools at "ridiculously low prices" in over 500 stores nationwide and on its website www.harborfreight.com. Harbor Freight Tools stocks over 7,000 items in categories including automotive, air and power tools, shop equipment and hand tools. With a commitment to quality and a lifetime guarantee on all hand tools, Harbor Freight Tools is a favorite of automotive and truck repair shops, government agencies, schools, manufacturers, contractors and tool enthusiasts who want top-quality and great selection and value. The results speak for themselves - with over 25 million customers nationwide and thousands of people switching to Harbor Freight Tools every day..

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