Jericho, New York - Griffon Corp., a US-based diversified holding company, has said that its Garage Doors business, Cloplay, will consolidate operations at two of its production facilities into its manufacturing plant in Troy, Ohio.
Cloplay purchased the Troy plant in 2006 and launched its polyurethane insulated door products in 2008, the company said in a 3 June statement.
The company estimates a $12 million restructuring cost as a result of the consolidation. "These actions will enable us to centralise production at our most technologically advanced facility so that Cloplay can improve its manufacturing efficiency while improving our ability to serve the needs of our customers," said Steve Lynch, president of Cloplay Building Products Co. "By consolidating our manufacturing, we will streamline operations, lower costs and maintain the flexibility to meet supply demands now and in the future," he added. (RD)