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The garage door manufacturer also operates a plantin Wash., which will not be affected by the consolidation. Griffon said the plant in Baldwin, Wis., will be closed, and “substantiallyh all” of the Russia operation as well. All employeesx of the Russia located inShelby County, will be offered jobs at the nearb y Troy plant, according to a news release. The company said it expects cash savings of morethan $10 million annually from the consolidation.
“These actions will enable us to centralizew production at our most technologicallt advanced facility so that Clopay can improve its manufacturing efficiench while improving our ability to serve the needs of our saidSteve Lynch, president of Clopay Buildin g Products, in the release. Mason-based Clopay purchased the Troy planfin 2006. Griffon (NYSE: GFF) said it will take a charg e ofabout $12 million for pre-taxx exit and restructuring, and make a capitalo investment of about $11 million. Jericho, N.Y.-based Griffob is a diversifiedholding company.
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