Griffon forms joint venture for AMES Australasia, takes 49% stake

Griffon

Griffon

GFF

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  • Griffon struck a deal to sell its AMES Australasia business into a new joint venture backed by an investor group led by AMES management.
  • Transaction terms include USD 185 million in cash at closing, a USD 50 million subordinated note in the joint venture.
  • Griffon will retain a 49% equity stake post-closing; the management-led investor group will own 51%.
  • Closing is expected by Griffon’s fiscal year ending September 2026, subject to customary conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Griffon Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202606080830BIZWIRE_USPR_____20260607_BW132213) on June 08, 2026, and is solely responsible for the information contained therein.

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