KENOSHA, Wis.--(BUSINESS WIRE)--May. 29, 2009--
Snap-on Incorporated (NYSE: SNA), a leading global innovator,
manufacturer and marketer of tools, diagnostics and equipment solutions
for professional users today announced the official grand opening of its
“Innovation Works” facility in Kenosha, Wis. The opening was presided
over by Snap-on chairman and chief executive officer Nicholas T. Pinchuk
and Wisconsin Governor, Jim Doyle. It took place in front of more than
600 Snap-on associates and retirees, as well as state and local
officials from industry, education and government.
“The Snap-on ‘Innovation Works’ is a functioning example of our
commitment to the continued development of industry-leading products,
processes and technologies. This is truly a unique facility that will
provide our associates with the critical resource needed to further
accelerate Snap-on’s global innovation,” said Pinchuk. “Snap-on was
founded in 1920 on a unique idea and has a long tradition of creating
productivity solutions for real professionals doing critical tasks. From
the very beginning, innovation has been at the core of the way Snap-on
creates value. We are thrilled to be able to share this opening with so
many of those who helped build the strong company we enjoy today, as
well as with many of those who have supported us over the years.”
The new 15,000 square foot facility, located at Snap-on’s Kenosha
campus, provides a resource for Snap-on’s entire global organization. It
includes several defined areas each specifically designed to support a
vibrant user-centered innovation process. Included is a state-of-the-art
service garage, prototyping room, 3D modeling facility, display and
application room, customer observation room, innovation library and
training room. Importantly, this centerpiece facility supplements the
many local innovation resources and infrastructure already in place
throughout Snap-on’s global footprint.
After the grand opening ceremony, associates and guests toured the
center and took part in product demonstrations and exhibits.
About Snap-on
Snap-on Incorporated is a leading global innovator, manufacturer and
marketer of tools, diagnostics and equipment solutions for professional
users. Product lines include hand and power tools, tool storage,
diagnostics software, information and management systems, shop equipment
and other solutions for vehicle dealerships and repair centers, as well
as customers in general industry, energy and natural resources,
aerospace, agriculture and construction. Products are sold through its
franchisees, company-direct sales and distributor channels, as well as
over the Internet. Founded in 1920, Snap-on is a $2.9 billion, S&P 500
company headquartered in Kenosha, Wisconsin.
For additional information on Snap-on, visit www.snapon.com.
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Source: Snap-on Incorporated
Snap-on Incorporated
Media contact:
Richard Secor
262/656-5561
or
Investor
contact:
Marty Ellen
262/656-6462