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Profile: Griffon Corp (GFF)

GFF on New York Consolidated

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7 Dec 2016
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Griffon Corporation (Griffon), incorporated on December 29, 1970, is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc. (PPC). The HBP segment consists of two companies: The AMES Companies, Inc. (AMES) and Clopay Building Products Company, Inc. (CBP). AMES is a provider of non-powered landscaping products for homeowners and professionals. CBP is a manufacturer and marketer of residential, commercial and industrial garage doors to professional dealers and home center retail chains. The Telephonics segment designs, develops and manufactures integrated information, communication and sensor system solutions for military and commercial markets across the world. The PPC segment is engaged in the development and production of embossed, laminated and printed specialty plastic films used in a range of hygienic, healthcare and industrial applications.

Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities, as well as in connection with divestitures. It is focused on acquiring, owning and operating businesses in a range of industries.

Home & Building Products

The Company's AMES' brands operate across various product categories in the North American and Australian non-powered landscaping product markets. Its brand portfolio includes AMES, True Temper, Garant, UnionTools, Hound Dog, Westmix, Cyclone, Southern Patio, Northcote Pottery, Kelso, Darby and Dynamic Design, as well as contractor-oriented brands, including Razor-Back Professional Tools and Jackson Professional Tools. In addition to its brands, AMES also sells private label branded products. AMES manufactures and markets a range of product portfolios in the non-powered landscaping product industry. The portfolio is anchored by four product categories: long handle tools, wheelbarrows, snow tools, and decorative plastic and ceramic planters. The Company offers a range of engineered tools, including shovels, spades, scoops, rakes, hoes, cultivators, weeders, post hole diggers, scrapers, edgers and forks, marketed under brand names, including AMES, True Temper, UnionTools, Garant, Cyclone and Kelso, as well as contractor-oriented brands, including Razor-Back and Jackson.

AMES designs, develops and manufactures a range of wheelbarrows and lawn carts, primarily under the AMES, True Temper, Jackson Professional Tools, UnionTools, Garant and Westmix brand names. The products range in size, material (poly and steel), tray form, tire type, handle length and color based on the needs of homeowners, landscapers and contractors. A range of snow tools are marketed under the True Temper, Garant and Union Tools brand names. The snow tool line includes shovels, pushers, roof rakes, sled sleigh shovels, scoops and ice scrapers. AMES is a designer, manufacturer and distributor of indoor and outdoor planters and accessories, sold under the Southern Patio, Northcote Pottery and Dynamic Design brand names, as well as various private label brands. The range of planter sizes (from 6 to 32 inches) is available in various designs, colors and materials. The Company, through Southern Sales & Marketing (Southern Patio), designs and markets decorative landscape products. Axes, picks, mattocks, mauls, wood splitters, sledgehammers, pry bars and repair handles make up the striking tools product line. These products are marketed under the True Temper, Cyclone, Garant, Jackson Professional Tools and Razor-Back Professional Tools brand names.

The Company's hammers, screwdrivers, pliers, adjustable wrenches, handsaws, tape measures, levels, clamps and other traditional non-powered hand tools make up hand tools product line. These products are marketed under the Trojan, Cyclone and Supercraft brand names. In addition, gardening hand tools, such as trowels, cultivators, weeders and other specialty garden hand tools, are marketed under the AMES brand name. The pruning line is made up of pruners, loppers, shears and other tools sold primarily under the True Temper, Cyclone and Garant brand names. AMES offers a range of manufactured and sourced garden hoses and hose reels under the AMES, NeverLeak, Nylex and Jackson Professional Tools brand names.

CBP is a manufacturer and marketer of residential garage doors and a manufacturer of commercial sectional doors. It manufactures a range of entry door systems designed to complement its residential garage door styles. CBP's brands include Clopay, America's Favorite Garage Doors, Holmes Garage Door Company and IDEAL Door. Clopay is the residential garage door brand. CBP manufactures various residential sectional garage doors with a range of options. CBP offers garage doors made from steel, plastic composite and wood, and also sells related products, such as garage door openers manufactured by third parties. CBP also markets commercial sectional doors, which are similar to residential garage doors, but are designed for commercial application.

Telephonics Corporation

The Telephonics segment specializes in electronic information and communication systems for defense, aerospace, civil, industrial and commercial applications for the United States and international markets. Telephonics designs, develops, manufactures, sells and provides logistical support and sustainment services for aircraft intercommunication systems, radar, air traffic management, identification friend or foe equipment (IFF), integrated border and perimeter security systems and custom, mixed-signal, application-specific, integrated circuits. Telephonics is also a provider of systems engineering services supporting air and missile defense programs, as well as other threat and situational analysis requirements. Telephonics is a supplier of airborne maritime surveillance radar and aircraft intercommunication management systems.

Clopay Plastic Products Company, Inc.

The PPC segment develops and produces specialty plastic films and laminates for a range of hygienic, healthcare and industrial uses in the United States and certain international markets. Its products include thin gauge embossed and printed films, elastomeric films, laminates of film and non-woven fabrics, and perforated films and non-wovens. These products are used as moisture barriers in disposable infant diapers, adult incontinence products and feminine hygiene products, protective barriers in single-use surgical and industrial gowns, drapes and equipment covers, fluid transfer/distribution layers in absorbent products, components for comfort and fit in infant diaper and adult incontinence products, packaging for hygienic products, house wrap and other products. PPC products are sold through a direct sales force to multinational consumer and medical products companies.

The Company competes with Fiskars Corporation, Truper Herramientas S.A. de C.U., Suncast Corporation and Swan Hose.

Company Address

Griffon Corp

712 5th Ave
NEW YORK   NY   10019
P: +1212.9575000
F: +1212.9575040

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