Company also will spin off related food hygiene and cleaning business.
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For the first nine months, sales were up 2 percent year-over-year.
For the first nine months, sales increased 6.6 percent year-over-year.
Capacity utilization increased 0.1 percent to 75.4 percent.
Purchase expands company's presence in the Midwest.
Acquisition expands Snap-on's presence in numerous countries.
CEO: Divestment to help company "build on core strengths."
Distributor Index decreases to 57.1 and Manufacturer Index increases to 64.9.
David Schulz takes over following resignation of Kenneth Parks last May.
Advance in final demand prices can be traced to 0.7 percent increase in final demand goods index.
Salespeople can use mobile to embed themselves with customers.
The Sonepar USA subsidiary was formerly Hagemeyer North America-Industrial Distribution Group.
Industrial production up 1.4 percent in the EU28.
Company to pay $2 billion for tools division that includes Irwin and Lenox brands.
Company hires previous VP of business development at Hagemeyer North America / IDG.
Acquisition enhances company's operations "both geographically and strategically."
Cutting tool consumption also increases compared to prior month.
Index decreases 0.3 points to 94.1 for the month.
For the first nine months, sales were down 11.9 percent year-over-year.
