SK Professional Tools Purchased by Great Star Tools
IDEAL INDUSTRIES, INC. announced its completed sale of SK Professional Tools
June 30, 2021 - Sycamore, IL - IDEAL INDUSTRIES, INC. announced today its completed sale of SK Professional Tools to Great Star Industrial Co., Ltd., a leading global developer, manufacturer and supplier of tools for professional, industrial and DIY hand tools.
The SK Tools brand was established in the early 1900s, and today manufactures over 3,000 products for industry professionals. Great Star will continue in the short term to manufacture in Sycamore and will eventually move production to one of its existing facilities after a transitional period expected to last through 2021. There will be opportunities for SK Tools employees to transfer to other IDEAL facilities as part of the ongoing transition.
“Our SK employees delivered high quality products and continue to do everything we ask of them to help us maintain the business. We are all proud to have been part of the SK Tool brand story, and happy that it will become part of an industry leading tool company that specializes in designing and manufacturing quality products for the market,” said Steve Henn, CEO of IDEAL INDUSTRIES, INC.
IDEAL INDUSTRIES remains committed to its “Made in America” position for IDEAL® Electrical and is the largest U.S. manufacturer of premium-quality wire connectors, conduit benders, fish tapes, and many other products. This commitment extends to promoting and growing the electrical trades in America through the IDEAL National Championship, a skills competition that draws thousands of Professional Electricians and Students/Apprentices across the nation.
For more information on Great Star, visit www.GreatStarTools.com.
MEDIA CONTACT for IDEAL INDUSTRIES:
Madeline Sweeney
IDEAL Corporate | 1375 Park Avenue, Sycamore, Illinois 60178
©2024 IDEAL INDUSTRIES, INC. ALL RIGHTS RESERVED.
