Subsidiary of large Chinese firm buys Shop-Vac, plans to restore production levels
Updated Dec 28, 2020;
Posted Dec 28, 2020
GreatStar, which is part Hangzhous GreatStar Industrial Co. headquartered in Hangzhous, China, announced Monday it has purchased most of the assets of Shop-Vac for an undisclosed price.
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WILLIAMSPORT – The new owner of Shop-Vac Corp. says it plans to restore production in Williamsport to its previous levels.
“We intend to hire as many people as is necessary to meet the demands of a growing new business,” Gary DuBoff, group president of GreatStar USA in New Jersey, said. “We do not have a firm estimate on hiring needs,” he said.
Early Christmas gift: Pa. plant that was closing is purchased, jobs saved
Updated Dec 24, 2020;
WILLIAMSPORT – The Williamsport area received a Christmas gift a day early with the announcement a plant that was in the process of closing has been purchased.
The announcement about Shop-Vac Corp came Thursday from Jason Fink, president and CEO of the Williamsport/Lycoming Chamber of Commerce.
The company, which he said is in the tool business, does not want to be identified until Monday when it makes a formal announcement of the purchase, he said.
It looks to bring back those employees who had been furloughed, Fink said. The publicly-traded company has the capability of doing that, he said.