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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Griffon Corporation | NYSE:GFF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.86 | -1.36% | 62.45 | 63.98 | 61.75 | 63.10 | 291,366 | 01:00:00 |
Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) announced that its subsidiary, The AMES Companies, Inc., (“AMES”) acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES’s seventh acquisition in Australia since 2013, and further expands AMES’s product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon’s earnings in the first full year of ownership. Financial terms of the transaction were not disclosed.
About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. 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. In order to further diversify, Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital.
Griffon conducts its operations through two reportable segments:
For more information on Griffon and its operating subsidiaries, please see the Company’s website at www.griffon.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240630831816/en/
Company: Brian G. Harris SVP & Chief Financial Officer Griffon Corporation (212) 957-5000 IR@griffon.com
Investor Relations: Michael Callahan Managing Director ICR Inc. (203) 682-8311
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