Metals & Mining M&A » By The Online Investor Staff, updated Thu., Aug. 5, 1:17 AM
Recent mergers and acquisitions in the Metals & Mining M&A category.
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Slide #74. Griffon Corporation — Northcote Pottery
Acquirer:
Griffon Corporation (NYSE:GFF)
Acquiree:
Northcote Pottery
Details:
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 that conducts its business through wholly-owned subsidiaries. Co.'s reportable segments are: Consumer and Professional Products, which manufactures and markets a portfolio of long-handled tools, landscaping products, and home organization products used by seasonal outdoor tools, project tools, outdoor decor and watering, home organization, and cleaning products categories; Home and Building Products, which manufactures a line of residential sectional garage doors; and Defense Electronics, which designs, develops, manufactures and provides logistical support and lifecycle sustainment services to defense, aerospace and commercial customers.
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Avg. Broker Rec.
 
|
Strong Buy (3.75 out of 4) 66th percentile
(ranked higher than approx. 66% of all stocks covered)
Analysts' Target Price: GFF Stock Forecast Based on Zacks ABR data; powered by Xignite |
