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Snap-on was founded as the Snap-on Wrench Company in Milwaukee, Wisconsin in 1920 by Joseph Johnson and William Seidemann. [8] The business manufactured and marketed ten sockets that would "snap on" to five interchangeable handles. The company's slogan was "5 do the work of 50". [9] In 1930, the company's headquarters moved to Kenosha, Wisconsin.
The company is headquartered in Poway, California, and its ownership is currently held by Snap-on Tools, Inc. (85%) and NAPA (15%). [ 1 ] Mitchell 1 and the National Institute for Automotive Service Excellence are sponsors of the ASE Technician of the Year award. [ 2 ]
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The interchangeable socket wrench was invented or patented in 1863, nearly 60 years before the Snap-on Wrench Company was formed. The paragraph above as part of the Snap-on article is extremely misleading, suggesting that the Snap-on Wrench Company created the modern socket wrench and revolutionized the tool industry, when it did no such thing.