Snap-on Business Solutions Breaks Ground for New World Headquarters

Global software company commits to business growth within the Northeast Ohio technology community

Location: 
Richfield, Ohio
Date: 
Monday, October 27, 2008
Snap-on Business Solutions Inc. (SBS), a division of Snap-on Incorporated, broke ground today for its new global headquarters building in Richfield, OH. The new 105,000 square foot facility will be located on an 8.5 acre site in the Kinross Lakes Office Park. "Launching this project is a thrilling step for Business Solutions," says Mary Beth Siddons, President of Snap-on Business Solutions. "This new space will allow us to not only better accommodate our more than 300 associates who live and work in northeast Ohio, but will provide a solid foundation for our future growth." In attendance at the groundbreaking ceremony were Nicholas T. Pinchuk, President and Chief Executive Officer of Snap-on, and Michael Lyons, Mayor of Richfield, Ohio. "The Business Solutions team is core to the Snap-on brand," said Mr. Pinchuk. "This facility will allow for increased innovation in designing solutions, and represents Snap-on's commitment to growing our business in the information technology market." "Richfield Village is fortunate to have Snap-on Business Solutions, one of our region's most innovative companies, as a corporate citizen," said Mayor Lyons. "We wish them continued success in our community." Added Ms. Siddons, "We feel Richfield is a good geographic location for our associate base, providing great accessibility and increasing amenities. SBS has been part of the Richfield community for over 10 years and we look forward to our continuing relationship." Financial incentives and support will be provided by The Village of Richfield and the Summit County Port Authority. Though unable to attend the groundbreaking ceremony, Russell M. Pry, Summit County Executive, and Lee Fisher, who serves as Lt. Governor of Ohio and as Director of the Ohio Department of Development, were both instrumental in the execution of this project. Speaking shortly after the project was announced, Mr. Pry said, "The collaborative efforts between Summit County, the local community and the Summit County Port Authority have proven to be an invaluable tool for economic development. It is an exciting day in Summit County when you can announce that a company like Snap-on Business Solutions will continue to call Summit County home." The State of Ohio's Department of Development has provided a job creation tax credit commitment to SBS for creating 50 new jobs in Ohio over a three year period commencing upon completion of the project. According to Mr. Fisher, "Snap-on Business Solutions is an example of the wide-reaching collaboration among our regional partners that Ohio needs to support and accelerate our companies' success, We are pleased to support this business' continued growth and retain good-paying jobs in Northeast Ohio." "We have worked closely with the State, County, Board of the Summit County Port Authority and Village officials and are pleased with the incentive commitments we have been able to obtain," said Siddons. SBS has selected CAM Inc. as the builder/developer for the project. The project is anticipated to be completed in the third quarter of 2009.

About Snap-on Business Solutions

Snap-on Business Solutions, a division of Snap-on, Inc. based in Richfield, Ohio, is primarily engaged in the delivery of market-specific warranty solutions and comprehensive parts, accessories, and service information—in electronic form—to the automotive, power equipment, and powersports manufacturing markets. Its CD and Internet based products transform complex technical data, like parts and accessories catalogs and service manuals, warranty claims and registrations into easily accessed electronic information. Snap-on's innovative approach to a single-platform solution helps to increase productivity and drive sales for original equipment manufacturers, their suppliers and their dealership networks.

About Snap-on

Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users. Products and services 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 industry, government, agriculture, aviation and natural resources. Products and services are sold through the company's franchisee, company-direct, distributor and Internet channels. Founded in 1920, Snap-on is a $2.8 billion, S&P 500 company headquartered in Kenosha, Wisconsin.