M&A Deal Summary

Hangzhou GreatStar Industrial Co. Acquires SK Professional Tools

On October 28, 2021, Hangzhou GreatStar Industrial Co. acquired manufacturer SK Professional Tools

Acquisition Highlights
  • This is Hangzhou GreatStar Industrial Co.’s 3rd transaction in the Manufacturing sector.
  • This is Hangzhou GreatStar Industrial Co.’s 3rd transaction in the United States.
  • This is Hangzhou GreatStar Industrial Co.’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-10-28
Target SK Professional Tools
Sector Manufacturing
Buyer(s) Hangzhou GreatStar Industrial Co.
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Hangzhou GreatStar Industrial Co.

Hangzhou, China

Category Company
Founded 1993
Sector Manufacturing
Employees13,244
Revenue 14.8B CNY (2024)
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 4 of 4
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 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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