Press Release

NEW YORK, Aug 09, 2011 (BUSINESS WIRE) --

Griffon Corporation (NYSE: GFF) announced today that it has completed its exchange offer of $550,000,000 aggregate principal amount of its 7¹/₈% Senior Notes Due 2018 registered under the Securities Act of 1933 (the "New Notes") for $550,000,000 aggregate principal amount of its outstanding 7¹/₈% Senior Notes Due 2018 issued in a private offering in March 2011 (the "Old Notes").

As of the scheduled expiration time of 5:00 p.m., New York City time, on August 9, 2011, $546,935,000 of the aggregate principal amount, or 99.4%, of the Old Notes were tendered and accepted for exchange.

This announcement is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase any securities. The exchange offer was made solely by means of the prospectus, dated July 11, 2011, with respect to the exchange offer and the related letter of transmittal. Copies of the prospectus and letter of transmittal may be obtained from Wells Fargo Bank, National Association, the exchange agent for the exchange offer, Corporate Trust Operations, MAC N9303-121, Sixth & Marquette Avenue, Minneapolis, MN 55479, Attn: Bondholder Communications, (800) 344-5128, Option 0.

About Griffon Corporation

Griffon Corporation (the "Company" or "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. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

Griffon currently conducts its operations through Ames True Temper ("ATT"), Clopay Building Products ("Building Products"), Telephonics Corporation ("Telephonics") and Clopay Plastic Products Company ("Plastics"). Building Products and ATT comprise the Home and Building Products operating segment.

• Home and Building Products is a leading manufacturer and marketer of residential, commercial and industrial garage doors to professional installing dealers and major home center retail chains, as well as a global provider of non-powered landscaping products that make work easier for homeowners and professionals.
• Telephonics designs, develops and manufactures high-technology integrated information, communication and sensor system solutions to military and commercial markets worldwide.
• Plastics is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial applications.

For more information on Griffon and its operating subsidiaries, please see the Company's website at www.griffoncorp.com.

SOURCE: Griffon Corporation

Company:
Griffon Corporation
Douglas J. Wetmore, 212-957-5000
EVP & Chief Financial Officer
or
Investor Relations:
IRC Inc.
James Palczynski, 203-682-8229
Principal and Director