Great Star secures $15m European power tool contract

Hang Zhou Great Star Industrial has secured a $15 million annual contract with a Fortune Global 500 European retailer for cordless lithium battery power tools and accessories across nearly 1,000 stores over three years.

The order exceeds 5% of Great Star's 2024 power tool revenue. Product deliveries begin in the second half of 2025, with 2025 revenue projected at up to $10 million.

This marks Great Star's first significant expansion into the European power tool market since developing its product line in 2021. The retailer is a long-standing partner and ranks among Great Star's top ten customers.