Deal is expected to accelerate Arrow’s new product development.
Hangzhou GreatStar Industrial Co., Ltd, a leading global developer, manufacturer and supplier of hand and power tools, announced today that it has completed the acquisition of Arrow Fastener Co., LLC “Arrow”.
“We are pleased to close on this strategic acquisition and strengthen our footprint in the well-structured hardware category,” said GreatStar Chairman and CEO Champin Chou. “GreatStar’s rapid innovation and investment capabilities will help accelerate Arrow’s growth and broaden its new product development roadmap.”(…)
via Hangzhou GreatStar acquires Arrow Fastener – Contractor Supply Magazine.