GFF News & Events

Griffon announced a set of strategic actions. Griffon announced the initiation of a review of strategic alternatives for CPP's AMES Australia operations. AMES Australia is expected to generate approximately $40M of adjusted EBITDA in fiscal 2026. Griffon has also initiated a review of strategic alternatives for CPP's AMES United Kingdom operations. Griffon also announced the Hunter Fan Company, currently within the CPP segment, will be combined with the Home and Building Products segment. As a result of these actions, beginning with Griffon's second quarter 2026 reporting, AMES U.S., Canada, Australia, and UK will be reported as discontinued operations. The joint venture will be financed through committed debt financing as well as the Griffon second-lien debt. This transaction is subject to customary closing conditions, and is expected to be completed by the end of June.

Oncap, the lower mid-market private equity platform of Onex (ONEXF), and Griffon Corporation (GFF) announced they have entered into a definitive agreement to form a joint venture creating a provider of hand tools, home organization solutions, and lawn and garden products for professionals and consumers. The joint venture will combine Bellota Tools, Corona, and Burgon & Ball, which are currently subsidiaries of the Venanpri Group, Oncap's majority-owned portfolio company, and Griffon's AMES Companies businesses in North America, which are currently part of Griffon's Consumer and Professional Products segment. The joint venture will be managed as a subsidiary of Venanpri, which, together with other affiliates of Oncap, will hold a 57% equity interest. Griffon will participate in the governance and oversight of the joint venture as a 43% equity holder. Venanpri's Agrisolutions business, including the Bellota Agrisolutions and Ingersoll brands, are not part of this joint venture and will continue to be wholly owned by Venanpri.