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Slide #74. Griffon Corporation — Northcote Pottery
Griffon Corporation (NYSE:GFF)
Griffon Corporation ("Griffon") (NYSE:GFF) today announced that, effective December 31, 2013, its subsidiary, Ames True Temper ("Ames"), acquired Northcote Pottery ("Northcote"), founded in 1897 and a leading brand in the Australian outdoor planter and decor market. The acquisition of Northcote complements Southern Patio, acquired in 2011, and adds to Ames' existing lawn and garden operations in Australia.
Griffon is a management and holding company. Through its subsidiaries, Co. conducts its operations through two reportable segments: Consumer and Professional Products (CPP) and Home and Building Products (HBP). CPP is a manufacturer and a provider of consumer and other tools; residential, industrial and commercial fans; home storage and organization products; and products that improve indoor and outdoor lifestyles. CPP sells products through a portfolio of brands including AMES, Hunter and ClosetMaid. The HBP segment consists of Clopay Corporation, which manufactures a line of entry door systems designed to complement its residential garage door styles.
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Strong Buy (4.00 out of 4)