M&A Deal Summary

Hangzhou GreatStar Industrial Acquires Shop-Vac

On December 28, 2020, Hangzhou GreatStar Industrial acquired consumer products company Shop-Vac from Hilco Global

Acquisition Highlights
  • This is Hangzhou GreatStar Industrial’s 1st transaction in the Consumer Products sector.
  • This is Hangzhou GreatStar Industrial’s 2nd transaction in the United States.
  • This is Hangzhou GreatStar Industrial’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2020-12-28
Target Shop-Vac
Sector Consumer Products
Buyer(s) Hangzhou GreatStar Industrial
Sellers(s) Hilco Global
Deal Type Divestiture

Target

Shop-Vac

Williamsport, Pennsylvania, United States
Shop-Vac Corp. engages in wet/dry vacuum systems for consumer and commercial applications. Shop-Vac Corp. is a pioneer in the heavy-duty vacuum system category and serving workshops, garages, factories, and other demanding applications. Shop-Vac was founded in 1953 and is based in Williamsport, Pennsylvania.

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Buyer(S) 1

Buyer

Hangzhou GreatStar Industrial

Hangzhou, China

Category Company
Founded 1993
Sector Manufacturing
Employees10,798
Revenue 10.9B CNY (2023)
DESCRIPTION

Hangzhou GreatStar Industrial Co. is a developer, manufacturer and supplier of hand and power tools. GreatStar also manufactures a full range of specialty tools for drywall, masonry, painting, tiling, plumbing, and automotive applications as well as power tools, tool sets, and flashlights. Hangzhou GreatStar Industrial Co. was founded in 1993 and is based in Hangzhou, China.


DEAL STATS #
Overall 3 of 4
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Lista Holding AG

Erlen, Switzerland

Lista Holding AG is a provider of quality workspace equipment and storage systems to the industrial and service sectors, with a focus on the machinery and automotive industries. Lista’s core products include drawer systems, storage and material cabinets, shelving systems, clothes lockers and workstation systems. Lista Holding AG was founded in 1945 and is headquartered in Erlen, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 SK Professional Tools

Sycamore, Illinois, United States

SK Professional Tools is a provider of high-quality hand tools for professionals across a variety of industries, most notably the automotive industry. SK has been trusted by generations of mechanics for its broad line of high-quality, American-made tools that includes sockets, wrenches, ratchets, hammers, and screwdrivers.

Buy -

Seller(S) 1

SELLER

Hilco Global

Northbrook, Illinois, United States

Category Company
Founded 1987
Sector Financial Services
DESCRIPTION

Hilco Global is an international financial services company. Hilco Global offers a unique platform of more than twenty integrated business units located around the world and focused on three core corporate solution areas: Valuation, Monetization, and Advisory Services. Hilco Global was founded in 1987 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 Le Tigre

New York, New York, United States

Le Tigre, LLC is a manufacturer and distributor of sportswear. The Le Tigre brand successfully became one of the most recognized apparel icons for several decades, with a range of designs which all carried the “leaping tiger” logo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Sutton Leasing

Sterling Heights, Michigan, United States

Sutton Leasing operates as a fleet leasing company. The Company provides automotive leasing, purchasing, and maintenance services, as well as offers open and close-end lease, self-funding, and equipment financing services. Sutton Leasing is based in Sterling Heights, Michigan.

Buy -