According to the announcement, Arrow's main business is to design, produce and distribute all kinds of fastening tools such as U-nails, nails and rivets powered by manual, electric, pneumatic and lithium batteries, nail guns and related accessories consumables. Arrow, a century-old brand of manual, pneumatic and electric nail guns and consumables in the United States, has a market share of nearly 60% in large supermarket chains in the United States and a market share of nearly 38% in the industrial field. In addition, Arrow also has a complete American supply and marketing system, including American factories, and is one of the few tool companies that still insist on American brands made in the United States.
According to the announcement, Arrow's net sales in 20 14, 20 15 and 20 16 were $69.205 million, $69.904 million and $68.63 million respectively, and its profit before interest, tax, depreciation and amortization was 1 1278 respectively.
For this acquisition, Superstar Technology said that if the company completes the acquisition of Arrow, it will have a brand-new leading brand in the North American market, so that the company will continue to increase investment in its own brand, further increase its own brand market share, and vigorously develop the sales of pneumatic and electric tools products in the global market. At the same time, the company will have a complete American manufacturing base and distribution system, which will greatly improve the company's service ability and competitiveness in the American market.