Schiff Advises Snap-on in $36 Million Acquisition of AutoCrib

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Schiff Advises Snap-on in $36 Million Acquisition of AutoCrib

News Release |

Schiff Hardin advised Snap-on Incorporated, a leading global innovator and manufacturer, in 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.