The 'Secret Sauce' That's Got the Fed's Attention The recent visit by the president of the Chicago Federal Reserve Bank to Snap on, a Wisconsin based toolmaker, has sparked interest in what makes this company thrive despite an otherwise sluggish manufacturing sector.
Founded over a century ago, Snap on has built a reputation for producing high quality tools catering to professional mechanics.
While many similar companies have struggled to stay afloat amidst the shift towards automation and digitalization, Snap on's sales figures are undoubtedly impressive.