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Stockreport

Griffon Corporation Announces the Acquisition of Kelkay Limited (UK) by AMES

GRIFFON (GFF)  More Company Research Source: Business Wire
US:NYSE Investor Relations: ir.griffon.com/investor-overview
PDF NEW YORK--(BUSINESS WIRE)-- Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced that its subsidiary, The AMES Companies, Inc., (“AMES”) acquired Kelkay Limited (“Kelkay”), a United Kingdom manufacturer and distributor of decorative outdoor landscaping products sold to leading garden centers, retailers and grocers in the UK and Ireland. The purchase price for Kelkay is approximately $56 million, and is expected to contribute approximately $40 million in annualized revenue and be immediately accretive to Griffon’s earnings in its first full year of operations. Forward-looking Statements “Safe Harbor” Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, industries in which Griffon operates and the United States an [Read more]

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