Matco Tools

Matco Tools
Subsidiary of the Fortive
Industry Manufacturing
Founded 1946 (1946)
Headquarters Stow, Ohio, U.S.
Products Professional hand tools
Website www.matcotools.com

Matco Tools, Inc. is an American professional tool manufacturer for the automotive and other industries [1] and is based in Stow, Ohio, United States. This includes over 13,000 different tools such as wrenches, screw drivers, gauges, and specialty tools. Matco also produces their own line of high quality toolboxes in the USA at their Jamestown, NY manufacturing plant. They also contract several Chinese factories to manufacture their air tools, electric, and diagnostic tools. They also carry a similar lifetime warranty on all hand tools.[2] The company was founded in 1946 and began selling direct to professional mechanics in 1979.[3] Matco is an acronym for Mac Allied Tool Company. Originally Matco was the Toolbox manufacturing division of Mac Tools. However, they have not been associated with Mac since 1979. Former corpoate owner Danaher spun off several subsidiaries, including Matco, in 2016 to create Fortive.[4]

Distribution

Similar to Snap-on, Cornwell and many Mac Tools dealers, Matco Tools are sold by a local tool distributor who owns a territory by means of a franchise.[5][6] The franchise owner drives to the work locations of potential customers, and typically offers financing to individuals looking to buy their tools. Matco trucks are easily identified by their white color with large blue and red Matco logo on the side.

NMTC, Inc. d/b/a/Matco Tools ("MATCO") is a Delaware corporation, incorporated on January 12, 1993, with its principal office at 4403 Allen Road, Stow, Ohio 44224. Matco is a wholly owned subsidiary of Matco Tools Corporation ("MTC"). MTC is a New Jersey corporation with its principal office at 4403 Allen Road, Stow, Ohio 44224.

Motorsport sponsorships

Matco sponsors, or has sponsored, several professional racing teams, including 16-time NHRA winner Antron Brown,[7] and NHRA Super Comp champion and Top Fuel racer Jack Beckman.[8]

References

  1. ↑ Detail: Matco Tools.com
  2. ↑ http://autorepair.about.com/cs/tools/a/aa081800a.htm About.com comparison of different professional tools
  3. ↑ About Matco Tools
  4. ↑ Zacks Equity Research. "Danaher Completes Fortive Spin-Off, Trading to Begin Today". Yahoo Finance. Retrieved 5 July 2016.
  5. ↑ http://www.franchising.com/matco/ Franchising Info
  6. ↑ http://www.selectfranchiselist.com/franchise/Matco-Tools/ Franchising Info
  7. ↑ http://www.racingone.com/article.aspx?artnum=39020 Antron Brown article
  8. ↑ Jack Beckman to Replace Whit Bazemore at DSR
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