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Griffon Corporation Enters Joint Venture for AMES Australasia Business
Griffon Corporation announced on Monday that it has entered into a definitive agreement to form a joint venture for its AMES Australasia business. The transaction involves a partnership with an undisclosed entity to manage the operations and strategic direction of the Australasian division, which specializes in home and garden products.
Under the terms of the agreement, Griffon Corporation will retain a minority interest in the newly formed joint venture. The company expects the transaction to close in the coming months, pending the satisfaction of customary closing conditions and regulatory approvals. This move follows a broader corporate strategy to restructure the company’s international holdings and streamline its global operations. Management indicated that the joint venture structure aims to leverage local market expertise while maintaining the existing product distribution network across the region.
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Date: June 8, 2026
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