Company type | Subsidiary of Vontier |
---|---|
Industry | Manufacturing |
Founded | 1946 |
Headquarters | Stow, Ohio, U.S. |
Key people | Timothy Gilmore (CEO) |
Products | Professional hand tools |
Parent | Vontier |
Website | www |
Matco Tools, Inc. is an American professional tool distribution franchise 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 produces their own line of toolboxes in their Jamestown, NY manufacturing plant. They manufacture and contract the production of many air tools, electric tools, hand tools and diagnostic tools. [2] The company was founded by Bill Mattison and Joe Cornwell. They combined their names to form the company's name, Matco, in 1946 and began selling direct to professional mechanics in 1979. [3] Originally Matco was the box manufacturing division of Mac Tools. However, they have not been associated with Mac since Matco Tools was formed in 1979. Former corporate owner Danaher spun off several subsidiaries, including Matco, in 2016 to create Fortive. [4] Fortive, in turn, spun off Matco and other brands as Vontier in 2020. [5]
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. [6] [7] 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. Matco is a wholly owned subsidiary of Matco Tools Corporation ("MTC"). MTC is a New Jersey corporation.
Matco has used Fortive Business System (FBS) to grow its distribution model and build strong customer and franchisee relationships through digital marketing. [8]
On April 28, 2022, Matco Tools paid more than $15 million to resolve allegations that it misclassified employees (California Distributors) as contractors in order to avoid paying its workers overtime pay and deny them of their mandated breaks. [9]
Matco sponsors, or has sponsored, several professional racing teams, including 3-time Top Fuel champion and 45-time NHRA winner Antron Brown, [10] and NHRA Super Comp champion and Funny Car racer Jack Beckman. [11]
Cooper Industries was an American worldwide electrical products manufacturer headquartered in Houston, Texas. Founded in 1833, the company had seven operating divisions including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.
Tektronix, historically widely known as Tek, is an American company best known for manufacturing test and measurement devices such as oscilloscopes, logic analyzers, and video and mobile test protocol equipment. Originally an independent company, it is now a subsidiary of Fortive, a spinoff from Danaher Corporation.
Flex Ltd. is an American headquartered multinational diversified manufacturing company. It is the third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron for what concerns original equipment manufacturers. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, totaling about 172,000 employees.
Craftsman is a line of tools, lawn and garden equipment, and work wear. Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker.
The Aaron's Company, Inc. is an American lease-to-own retailer. The company focuses on leases and retail sales of furniture, electronics, appliances, and computers. The company sells through the company-operated and franchised stores, e-commerce platform (Aarons.com)
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
Danaher Corporation is an American global conglomerate founded by brothers Steven and Mitchell Rales in 1984. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and services. It has primarily grown by acquisitions, and historically has tried to maintain a very low public profile. Danaher was one of the first companies in North America to adopt the Kaizen principles to manufacturing, which is a lean manufacturing Japanese philosophy of continuous improvement and elimination of waste.
CSK Auto, Inc. was a specialty retailer of automotive parts and accessories in the western United States. CSK Auto became a publicly traded company in March 1998, headquartered in Phoenix, Arizona, and grew through a combination of acquisitions and organic growth. It was acquired in 2008 by O'Reilly Automotive.
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities.
Ascent Capital Group, Inc. was a public holding company whose primary subsidiary was Monitronics. Ascent Media was a wholly owned subsidiary of the Discovery Holding Company (DHC). DHC spun off Ascent Media as an independent, public company on September 17, 2008.
Fluke Corporation is an American manufacturer of industrial test, measurement, and diagnostic equipment, including electronic test equipment. It was started in 1948 by John Fluke while he was employed at General Electric.
Mac Tools is an American company that distributes and markets professional tools and related equipment. It is headquartered in Westerville, Ohio, United States. The Mac Tools line consists of over 8,000 professional tools, including screwdrivers, ratchets, wrenches, and assorted air tools.
Cornwell Quality Tools is an American privately held company manufacturing tools for the automotive and aviation industries. The company is currently based in Wadsworth, Ohio. Cornwell remains as one of two remaining mobile tool companies that still produce their own hand tools in house at their Albion, Pennsylvania foundry and Mogadore, Ohio machining plants. USA sourced steel is used at these locations to create a more consistent, better quality product than that of overseas manufacturers. They also carry a lifetime warranty on all hand tools and use Taiwan and China manufacturing to round out its product offerings. Cornwell recently acquired Kennedy Manufacturing, Van Wert, Ohio. Kennedy produces their own Kennedy branded line of tool storage products. Cornwell also carries various air, cordless electric, diagnostic, and hand tools from other manufacturers. This is the same practice as Mac Tools, Snap-on, and Matco Tools, who together make up the four major flags of the mobile tool business.
Gilbarco Inc., doing business as Gilbarco Veeder-Root, is a supplier of fuel dispensers, point of sales systems, payment systems, forecourt merchandising and support services. The company operates as a subsidiary of Vontier and its headquarters are in Greensboro, North Carolina, United States. It employs approximately 4,000 people worldwide, with sales, manufacturing, research, development, and service locations in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East and Africa.
Hach Company manufactures and distributes analytical instruments and reagents used to test the quality of water and other liquid solutions. Manufactured and distributed worldwide, Hach systems are designed to simplify analysis by offering on-line instrumentation, portable laboratory equipment, prepared reagents, easy-to-follow methods, and technical support.
Radiometer is a Danish multinational company which develops, manufactures and markets solutions for blood sampling, blood gas analysis, transcutaneous monitoring, immunoassay testing and the related IT management systems. The company was founded in 1935 in Copenhagen, Denmark by Børge Aagaard Nielsen and Carl Schrøder. It has over 3,200 employees and direct representation in more than 32 countries. Corporate headquarters remain in Copenhagen.
Qualitrol is a condition monitoring technology company headquartered in Fairport, New York. Qualitrol manufacturers and distributes partial discharge monitoring, asset protection equipment and information products for the electrical generation, transmission and distribution industries.
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of December 2022, Fortive has over 18,000 employees in 60 countries worldwide.
Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, North Carolina. It owns the brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman, including subsidiaries Hennessy Industries, Gasboy, and Global Traffic Technologies (GTT).
ADI Global Distribution is a wholesale distributor of security, pro-AV and low-voltage products for contractors, installers, and resellers. The company has over 190 locations throughout North America, Puerto Rico, Europe, the Middle East, and Africa. ADI's inventory includes products such as video surveillance, building access control, home intrusion, fire safety, and alarm systems as well as professional and residential audio/video (AV) equipment such as commercial speakers and video displays, networking equipment, data communications solutions, tools, wire, cabling, and more.