GreatStar Tools USA Establishes New Executive Leadership Team

Saddlebrook, NJ – GreatStar Tools USA, whose product lines include Shop-Vac, Pony Jorgensen clamps, and Arrow Fasteners, among other hand tools used by professional and industrial markets worldwide, promoted Arrow Fastener CEO Gary DuBoff to Group President, CEO; Melissa Karlovitch to Group Vice President, Chief Human Resources Officer; and James O’Rourke to the role of […]

Great Star Tools Acquires Shop Vac

On December 24, Yestar Technology announced that it plans to increase its capital by US$50 million from its wholly-owned subsidiary, US Yestar, to acquire Shop-Vac, a well-known brand of vacuum cleaners in North America and related assets, at a transaction price of US$41.86 million. Shop-Vac is a well-known brand and manufacturer in the North American […]