SK ACQUISITION UPDATE

August 2021

Dear Valued Customer,

It has been roughly a month since our company's ownership changed brands. In the spirit of transparency, we wanted to let you know of a few changes we are working on to benefit you, our loyal customers.

First, it has been decided that the Sycamore, IL SK manufacturing facility will be moved to Williamsport, PA by the end of the year. The significance of the Williamsport location is that it will provide the ability to utilize shared services with our sister company, Shop-Vac, which is located in Williamsport, PA.

Next, the production of SK Hand Tools will continue to have a USA presence. We will continue to manufacture product categories in the Williamsport facility. In addition, we will be utilizing the experience of our parent company, GreatStar Industrial, to help us manufacture, procure, and introduce new product innovation that aligns with the SK brand heritage on a global basis.

For the past 100 years, SK Tools has produced a high-quality line of tools for professional technicians and will continue to do so. We are grateful for your business and look forward to continuing to serve your needs in the future.

Again, thank you for your continued support of SK Tools.

Respectfully,

Jim Davidson

General Manager