Clopay to consolidate two plants in Troy - Business Courier of Cincinnati:

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The garage door manufacturer also operates a plant in Auburn, Wash., which will not be affectex by the consolidation. Griffon said the plant in Wis., will be closed, and “substantiallg all” of the Russia operatiomn as well. All employees of the Russia plant, located in Shelbyh County, will be offered jobs at the nearby Troy according to anews release. The company said it expectws cash savings of morethan $10 million annually from the “These actions will enable us to centralize production at our most technologicall advanced facility so that Clopay can improve its manufacturinyg efficiency while improving our abilithy to serve the needs of our said Steve Lynch, president of Clopay Building in the release.
Mason-based Clopay purchasedf the Troy plantin 2006. Griffon (NYSE: GFF) said it will take a charge ofabout $12 million for pre-tax exit and and make a capital investment of about $11 Jericho, N.Y.-based Griffon is a diversifiedx holding company.