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Stockreport

Griffon Corporation Completes Sale of Clopay Plastics to Berry Global for $475 Million

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) completed the sale of its Clopay Plastics business to Berry Global Group, Inc. (NYSE:BERY) for $475 million in cash, subject to certain post-closing adjustments. “We are pleased to announce the closing of the sale of Clopay Plastics. This divestiture unlocks value for Griffon shareholders and positions us for future growth,” said Ronald J. Kramer, Griffon’s Chairman and CEO. “Clopay Plastics has been a part of Griffon for over thirty years. We are proud of the company we built and expect it to thrive as a part of Berry.” Goldman Sachs & Co. LLC acted as financial advisor to Griffon for this transaction, and Dechert LLP acted as Griffon’s legal counsel. Forward-looking Statements “Safe Harbor” Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, [Read more]

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