Griffon Corporation has successfully completed its acquisition of ClosetMaid, a specialist in home storage and organisation products.
ClosetMaid is now part of Griffon’s Home and Building Products segment, which also includes Clopay Building Products and The AMES Companies.
“ClosetMaid is a terrific addition to Griffon’s Home and Building Products Segment, complementing and diversifying our portfolio of leading consumer brands and products,” says Ronald J Kramer, Griffon’s Chief Executive Officer. “We are proud to add ClosetMaid to our family of iconic brands including AMES, True Temper and Clopay, and to welcome the ClosetMaid team to Griffon.”
Effective immediately, Michael A. Sarrica has been appointed President of ClosetMaid and will continue as a Griffon Senior Vice President reporting to Robert F Mehmel, Griffon’s President and Chief Operating Officer. Mr. Sarrica was promoted to Senior Vice President, Operations of Griffon Corporation in January 2017 and was President of The AMES Companies from January 2014 to December 2016.
Kramer adds: “Mike Sarrica has done an outstanding job strengthening AMES while developing its management team, and played a key role in the acquisition of ClosetMaid. I am confident that Mike’s proven operating expertise and leadership capabilities will guide ClosetMaid to enhanced growth and profitability.”
