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Article Excerpt
JERICHO, N.Y., June 3 /PRNewswire-FirstCall/ -- Griffon Corporation announced today that its Garage Doors business ("Clopay") will consolidate operations at two production facilities into its manufacturing plant located in Troy, Ohio. Management believes that when the consolidation is completed in early 2011, it will result in estimated annual cash savings of over $10 million based upon current sales levels.
The consolidation comes as a result of Clopay's aggressive campaign to improve manufacturing efficiencies and bring new technologies to market to better serve its customers. Clopay currently operates four manufacturing facilities in Troy, Ohio, Russia, Ohio, Baldwin, Wisconsin and Auburn, Washington. All of the operations conducted in the Baldwin plant and substantially all of the operations conducted in the Russia facility will be relocated to Troy, Ohio, and the...
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