Advised on divestiture of manufacturer and supplier of premium hand tools

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Advised on divestiture of manufacturer and supplier of premium hand tools

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Stout served as exclusive financial advisor to SK Hand Tool in connection with its sale from Ideal Industries to Hangzhou GreatStar Industrial Co. Founded in 1914, SK is a leading provider of high-quality hand tools for professionals across a variety of industries. Operating in its 128,000 sq. ft. production facility outside of Chicago, the company offers a premium product portfolio that includes wrenches, ratchets, impact driving tools, sockets, screwdrivers, etc., and a variety of automotive-specific hand tools.

Supported by its patented products and valuable technologies, SK has been able to build strong lasting relationships with its customers across various markets, such as industrial supply, automotive repair, and hardware repair.

Established in 1993, GreatStar is the leading manufacturer of hand tools in Asia serving DIY, professional, and industrial markets worldwide. 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. The company is publicly traded on the Shenzhen Stock Exchange.

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