NYSE:GFFBuilding
Griffon Reshapes Portfolio With ONCAP Venture And Building Products Focus
Griffon (NYSE:GFF) announced a joint venture with ONCAP to combine major parts of its hand tools, home organization, and lawn and garden products businesses.
The company is also reviewing its AMES Australia operations as part of a broader effort to refocus on North American building products.
These moves represent a material shift in Griffon's business mix and are intended to reshape its portfolio.
For you as an investor, the key point is that Griffon is repositioning itself more tightly...