Griffon Files $300 Million Mixed Shelf
The company said does not have any immediate plans or current commitments to sell securities. Griffon said that the net proceeds of any issuances made under the shelf are expected to be used for general corporate purposes and to fund the company's growth.
Griffon CEO Ronald J. Kramer said, "The current economic environment presents us with many potential opportunities to grow and diversify our business."
Jericho, New York-based Griffon is a holding company that owns Telephonics Corp., a provider of integrated information, communication and sensor system solutions to military and commercial markets worldwide.
It also owns Clopay Building Products, a manufacturer and marketer of residential, commercial and industrial garage doors, and Clopay Plastic Products, a company engaged in the development and production of embossed, laminated and printed specialty plastic films used in a range of hygienic, health-care and industrial markets.
FinancialWire" ( http://www.financialwire.net ), an independent, proprietary news service of Investrend Communications, Inc., receives no compensation for its news or opinions. Further disclosure is at http://www.investrend.com/articles/secondlevel.asp?level=472 . To contact FinancialWire" write to inquiries@financialwire.net .
Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .
Copyright(C)2009 by financialwire.net, Inc. All rights reserved.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
