Griffon Corporation Overview
Pro stress-test →Griffon Corporation is a multi-industry consumer and professional products manufacturer undergoing significant portfolio transformation. The company is positioning itself as a focused building products company through strategic portfolio actions designed to streamline operations and enhance shareholder value.
Strategic Profile
Pro stress-test →Griffon operates through two reportable segments: Home and Building Products (HBP) through Clopay Corporation, the largest manufacturer and marketer of garage doors and rolling steel doors in North America. The company announced a joint venture combining its AMES North America business with ONCAP's tool brands to create a global leader in hand tools and home organizational products. The company's guidance reflects a streamlined business centered on North American residential and commercial building products.
Competitive Landscape
Pro stress-test →Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. In consumer and professional products, Griffon competes against various regional and global hand tool, home organization, and home appliance manufacturers. The company's streamlined portfolio positions it to compete more directly in residential and commercial building products.
Industry Context
Griffon Corporation operates in Diversified Building Products & Consumer Products Manufacturing.
Key facts
Founded: 1959 · Headquarters: New York, US · Revenue: $2.5B · Market cap: $3.97B