 | |
| Company type | Subsidiary ofVontier |
|---|---|
| Industry | Manufacturing |
| Founded | 1946; 79 years ago (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 inStow, 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 theirJamestown, 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 ofMac Tools. However, they have not been associated with Mac since Matco Tools was formed in 1979. Former corporate ownerDanaher spun off several subsidiaries, including Matco, in 2016 to createFortive.[4] Fortive, in turn, spun off Matco and other brands asVontier in 2020.[5]
Similar toSnap-on,Cornwell and manyMac 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 aDelaware corporation, incorporated on January 12, 1993. Matco is a wholly owned subsidiary of Matco Tools Corporation ("MTC"). MTC is aNew Jersey corporation.
Matco has used Fortive Business System (FBS) to grow its distribution model and build strong customer and franchisee relationships throughdigital 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 toavoid paying its workers overtime pay and deny them of their mandated breaks.[9]
Matco sponsors, or has sponsored, several professional racing teams, including 4-timeTop Fuel champion and 45-timeNHRA winnerAntron Brown,[10] and NHRA Super Comp champion andFunny Car racerJack Beckman.[11]