Snap On 416x416 59247dcaa7977

Snap-on acquires Norbar

May 23, 2017
Snap-on Incorporated has acquired Norbar Torque Tools Holdings Limited, along with its U.S. and Chinese joint ventures, for approximately $72 million.

Snap-on Incorporated has acquired Norbar Torque Tools Holdings Limited, along with its U.S. and Chinese joint ventures, for approximately $72 million.

Based in Banbury, United Kingdom, with annual sales of approximately $41 million, Norbar is an European manufacturer of a full range of torque products, including wrenches, multipliers and calibrators and has a strong presence in critical industries, including power generation, oil and gas, mining and railroad.

The acquisition of Norbar, which will be part of the company’s Commercial and Industrial Group, complements and expands Snap-on’s existing torque offering to critical industries, particularly in powered torque products.

Sponsored Recommendations

Going Mobile: Guide To Starting A Heavy-Duty Repair Shop

Discover if starting a heavy-duty mobile repair business is right for you. Learn the ins and outs of licensing, building, and marketing your mobile repair shop.

10 Steps Every Tech Should Follow Before Clearing Fault Codes

Are you tired of recurring fault codes? Clear them with confidence today! View the 10 steps that every technician should follow before attempting to clear faults.

Repair, Replace or Retire - Grab Your Calculator

Don't make the mistake of ignoring fleet maintenance. Learn how to be proactive instead of reactive and reduce up to 70% of breakdowns.

Mobil Delvac™ oils give race car haulers winning edge

See how Mobil Delvac™ oils boosted the Tony Stewart Racing Team