Griffon Announces the Promotion of Michael A. Sarrica as Senior Vice President, Operations and the Appointment of Mark R. Traylor as President of The AMES Companies

NEW YORK--()--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:

  • Home & Building Products consists of two companies, The AMES Companies, Inc. (“AMES”) and Clopay Building Products Company, Inc. (“CBP”):
    • AMES is the leading U.S. manufacturer and a global provider of long-handled tools and landscaping products for homeowners and professionals.
    • 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.
  • 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

Contacts

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

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