Griffon Corporation (“Griffon”) (NYSE: GFF), a diversified holding company, announced that Robert F. Mehmel has been named President and Chief Operating Officer. Mr. Mehmel joins Griffon after serving as President and Chief Operating Officer of DRS Technologies (“DRS”), a leading defense technology supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide.
Mr. Mehmel will report directly to Ronald J. Kramer, Griffon’s CEO, and will be based in New York. In this newly created role, Mr. Mehmel will have oversight over Griffon’s operating businesses and the development of corporate strategy.
Mr. Kramer commented: "We are pleased to have Bob join us as we continue to build our company. He brings a strong record of improving operating performance throughout his career. I'm excited to have him join our management team as we position Griffon for future growth in our existing businesses and expansion through acquisitions.”
Mr. Mehmel was at DRS for twelve years, serving most recently as President and Chief Operating Officer from 2008 to October 2012. Mr. Mehmel oversaw a company with annual revenues of $4 billion and 10,000 employees, and was responsible for business operations, strategic planning and corporate development. DRS was acquired by Italian Aerospace and Defense conglomerate Finmeccanica S.pA. in October 2008.About Griffon Corporation Griffon Corporation (the “Company” or “Griffon”), is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself. Griffon currently conducts its operations through Ames True Temper (“ATT”), Clopay Building Products (“CBP”), Telephonics Corporation (“Telephonics”) and Clopay Plastic Products Company (“Plastics”). CBP and ATT comprise the Home & Building Products operating segment.
- Home & Building Products is a leading manufacturer and marketer of residential, commercial and industrial garage doors to professional installing dealers and major home center retail chains, as well as a global provider of non-powered landscaping products that make work easier for homeowners and professionals.
- Telephonics designs, develops and manufactures high-technology, integrated information, communication and sensor system solutions for use in military and commercial markets worldwide.
- Plastics is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial applications.
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