Griffon acquires Hunter Fan Company
In January 2022, Griffon completed its acquisition of Hunter Fan Company, which manufactures residential ceiling fans. Hunter Fan will be part of the company’s Consumer and Professional Products segment. The deal was for $845.0 million, subject to post-closing adjustments. The transaction was partially financed with a new $800.0 million Term Loan B facility, while the remainder of the purchase price and related acquisition and debt expenses will come from cash on hand and borrowings under its revolving credit facility
M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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