NEW YORK--(BUSINESS WIRE)--Jan. 5, 2017--
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF), today
announced that Michael A. Sarrica has been promoted to Senior Vice
President, Operations of Griffon Corporation. Mr. Sarrica has been
President of AMES since January 2014. In his new role, Mr. Sarrica will
support the day-to-day operational oversight of Griffon’s businesses and
the due diligence, integration and synergy evaluation of potential
merger and acquisition targets.
Mark R. Traylor has been appointed President of The AMES Companies
succeeding Mr. Sarrica. Mr. Traylor has been Chief Operating Officer of
AMES since 2015, having joined through the acquisition of Southern Patio
in 2011.
Ronald J. Kramer, Griffon’s Chief Executive Officer, commented: “Mike
Sarrica has done an outstanding job strengthening AMES and developing
the management team allowing for the elevation of Mark Traylor to
succeed him. The evolution of Griffon’s operating expertise will be
enhanced by Mike joining our President and Chief Operating Officer, Bob
Mehmel, and me in the corporate office. Developing our management talent
has been a priority over the past few years. Mike will play a
significant role as we seek additional acquisitions to grow. Mark
Traylor is a proven leader who has progressively taken on increased
leadership responsibilities since joining AMES. I’m confident that Mark
will lead AMES to further growth and profitability. Mike Sarrica and
Mark Traylor are emblematic of the depth and quality of leadership
throughout Griffon.”
About Griffon Corporation
Griffon Corporation is a diversified management and holding company
conducting 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 currently conducts its operations through three business
segments:
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Home & Building Products consists of two companies, The AMES
Companies, Inc. (“AMES”) and Clopay Building Products Company, Inc.
(“CBP”):
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AMES is the leading U.S. manufacturer and a global provider of
long-handled tools and landscaping products for homeowners and
professionals.
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CBP is a leading manufacturer and marketer of residential and
commercial garage doors and sells to professional dealers and some
of the largest home center retail chains in North America.
-
Telephonics Corporation is recognized globally as a leading provider
of highly sophisticated intelligence, surveillance and communications
solutions for defense, aerospace and commercial customers.
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Clopay Plastic Products Company, Inc. is a global leader in the
development and production of embossed, laminated and printed
specialty plastic films for hygienic, health-care and industrial
products and sells to some of the world’s largest consumer products
companies.
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: http://www.businesswire.com/news/home/20170105006397/en/
Source: Griffon Corporation
Griffon Corporation:
Brian G. Harris, 212-957-5000
SVP & Chief
Financial Officer
or
Investor Relations:
ICR Inc.
Michael
Callahan, 203-682-8311
Senior Vice President