TRANSACTION AGREEMENT by and among CLOPAY AMES TRUE TEMPER HOLDING CORP., as the Seller; CLOPAY PLASTIC PRODUCTS COMPANY, INC., as the Company; and BERRY GLOBAL, INC., as the Buyer Dated as of November 15, 2017Transaction Agreement • November 21st, 2017 • Griffon Corp • Metal doors, sash, frames, moldings & trim • Delaware
This TRANSACTION AGREEMENT, dated as of November 15, 2017 (as it may be amended or supplemented from time to time in accordance with the terms hereof, this “Agreement”), is by and among Berry Global, Inc., a corporation organized under the Laws of Delaware (the “Buyer”), Clopay Ames True Temper Holding Corp., a corporation organized under the Laws of Delaware (the “Seller”), and Clopay Plastic Products Company, Inc., a corporation organized under the Laws of Delaware (the “Company”).
Griffon Corporation to Sell Clopay Plastic Products to Berry Global for $475 MillionGriffon Corp • November 21st, 2017 • Metal doors, sash, frames, moldings & trim
NEW YORK, NEW YORK, November 16, 2017 – Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) has entered into a definitive agreement to sell Clopay Plastic Products Company (“Clopay Plastics”) to Berry Global Group, Inc. (NYSE:BERY) for $475 million in cash. The transaction is subject to regulatory approval and customary closing conditions, and is expected to close within the first calendar quarter of 2018.
