Press Release
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.
About
Griffon currently conducts its operations through three segments:
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Home & Building Products consists of two companies,
Ames True Temper, Inc. (“ATT”) andClopay 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.
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Telephonics Corporation designs, 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.
Source:
Griffon Corporation
Douglas J. Wetmore
212-957-5000
Chief
Financial Officer
or
Investor Relations:
ICR Inc.
Anthony
Gerstein
646-277-1242
Senior Vice President