KENOSHA, Wis.--(Business Wire)--
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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Snap-on Incorporated
Media contact:
Richard Secor
262/656-5561
or
Investor contact:
Marty Ellen
262/656-6462
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