Griffon to Repurchase $50 million of Common Stock
Griffon will fund the purchase with cash on hand and the transaction will be completed in December.
Griffon currently conducts its operations through three segments:
Home & Building Products consists of two companies,
Ames True Temper, Inc.(“ATT”) and Clopay Building Products Company, Inc.(“CBP”):
- ATT is a global provider of non-powered landscaping products that make work easier for homeowners and professionals.
- CBP is a leading manufacturer and marketer of residential, commercial and industrial garage doors to professional installing dealers and major home center retail chains.
Telephonics Corporationdesigns, develops and manufactures high-technology, integrated information, communication and sensor system solutions for use in military and commercial markets worldwide.
Clopay Plastic Products Company, Inc.is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial applications.
For more information on Griffon and its operating subsidiaries, please see the Company’s website at www.griffoncorp.com.
Douglas J. Wetmore
Chief Financial Officer
Senior Vice President