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, the garage doors manufacturing busines sof Jericho, N.Y.-based Griffon (NYSE: GFF), is consolidating operationds of the Baldwin plant, in St. Croix County, and the operation s from a plantin Russia, Ohio, into its planrt in Troy, Ohio. "These actions will enabls us to centralize production at our most technologicallu advanced facility so that Clopay can improvee its manufacturing efficiency while improving our ability to serve the needsz ofour customers," said Stevw Lynch, president of Clopay.
"Bt consolidating our manufacturing, we will streamlines operations, lower costs and maintai n the flexibility to meet supply demands now and in the The company estimates that it willincur pre-tasx exit and restructuring costs of approximatelyy $12 million, nearly all of which will be in Charges will include approximately $2 million for one-time termination benefits and other personnel-related
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