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In 2017, Griffon acquired the ClosetMaid home storage business from Emerson for an effective purchase price of $165 million. Griffon announced the combination of ClosetMaid with Ames True Tempur in March 2018. [53] In November 2017, Griffon announced the sale of its Clopay Plastics business to Berry Global for $475 million.
In 2017, Kramer repositioned Griffon's Portfolio by selling its Clopay Plastics business and acquiring ClosetMaid a home storage and organization business. In addition, Griffon executed a number of smaller tuck-in acquisitions for Griffon's subsidiary, The AMES Companies, which expanded the company's geographic footprint in Australia and the ...
It is a wholly owned subsidiary of Griffon Corporation. [4] Ames True Temper specializes in the manufacture of non-powered lawn and garden products. [1] Its manufacturing plant is located in Harrisburg, Pennsylvania, and produces 85% of the wheelbarrows in the United States and Canada producing 1.7 million wheelbarrows each year. The Harrisburg ...
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