MASON, Ohio, March 20, 2025 -- Clopay Corporation, a wholly-owned subsidiary of Griffon Corporation (NYSE: GFF) and North America's largest manufacturer and marketer of garage doors and rolling steel doors, announced that its VertiStack Avante garage door won the Best of IBS "Best in Show" award at the 2025 NAHB International Builders' Show® (IBS) held February 25 – 27 in Las Vegas.
The Best of IBS Awards annually recognizes products that redefine industry standards in design, technology, and functionality. The VertiStack Avante garage door earned top honors for its groundbreaking vertical stacking design that fundamentally reinvents how garage doors operate.
Unlike traditional garage doors, the VertiStack Avante door features an innovative space-saving design in which glass panel sections stack compactly on the wall above the opening. This engineering breakthrough eliminates the need for overhead tracks, exposed hinges and cables, creating a sleek, modern aesthetic while maximizing ceiling space and natural light.
"We are proud to receive this recognition from the International Builders Show, considered alongside the best brands in building products. VertiStack brings together our deep understanding of customer needs coupled with superior innovation," said Victor L. Weldon, President of Clopay Corporation. "Our company is driven to continue investing in new products that transform spaces at home and at work."
The door's groundbreaking design has already gained significant recognition, being featured on The New American Home 2025, the official IBS showcase home. This installation demonstrates the VertiStack Avante garage door's ability to create seamless indoor-outdoor transitions while maintaining clean lines and open spaces.
For more information about the VertiStack Avante door system, visit https://www.clopaydoor.com/vertistack-avante.
About Clopay Corporation
Founded in 1964, Clopay Corporation ("Clopay") is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. The company sells residential and commercial overhead sectional doors through leading home center retail chains and a network of over 3,000 independent professional dealers under the brands Clopay®, Ideal Door®, and Holmes Garage Door Company®. Rolling steel doors and grilles for commercial, industrial, institutional, and retail use are sold under the Cornell® and Cookson® brands.
Clopay is headquartered in Mason, Ohio, and operates four manufacturing facilities and 56 distribution centers.
About Griffon Corporation
Griffon Corporation is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as divestitures. In order to further diversify, Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital. Griffon conducts its operations through two reportable segments:
- Home and Building Products ("HBP") conducts its operations through Clopay. Founded in 1964, Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. Residential and commercial sectional garage doors are sold through professional dealers and leading home center retail chains throughout North America under the brands Clopay®, Ideal Door®, and Holmes Garage Door Company®. Rolling steel doors and grilles for commercial, industrial, institutional, and retail use are sold under the Cornell® and Cookson® brands.
- Consumer and Professional Products ("CPP") is a global provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including AMES, since 1774, Hunter, since 1886, True Temper, and ClosetMaid.
For more information on Griffon and its subsidiaries, visit www.griffon.com.
Forward-Looking Statements
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, industries in which Griffon Corporation (the "Company" or "Griffon") operates and the United States and global economies that are not historical are hereby identified as "forward-looking statements," and may be indicated by words or phrases such as "anticipates," "supports," "plans," "projects," "expects," "believes," "achieves", "should," "would," "could," "hope," "forecast," "management is of the opinion," "may," "will," "estimates," "intends," "explores," "opportunities," the negative of these expressions, use of the future tense and similar words or phrases. Such forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include, among others: current economic conditions and uncertainties in the housing, credit and capital markets; Griffon's ability to achieve expected savings and improved operational results from cost control, restructuring, integration and disposal initiatives (including the expanded CPP global outsourcing strategy announced in May 2023); the ability to identify and successfully consummate, and integrate, value-adding acquisition opportunities; increasing competition and pricing pressures in the markets served by Griffon's operating companies; the ability of Griffon's operating companies to expand into new geographic and product markets, and to anticipate and meet customer demands for new products and product enhancements and innovations; increases in the cost or lack of availability of raw materials such as steel, resin and wood, components or purchased finished goods, including any potential impact on costs or availability resulting from tariffs; changes in customer demand or loss of a material customer at one of Griffon's operating companies; the potential impact of seasonal variations and uncertain weather patterns on certain of Griffon's businesses; political events or military conflicts that could impact the worldwide economy; a downgrade in Griffon's credit ratings; changes in international economic conditions including inflation, interest rate and currency exchange fluctuations; the reliance by certain of Griffon's businesses on particular third party suppliers and manufacturers to meet customer demands; the relative mix of products and services offered by Griffon's businesses, which impacts margins and operating efficiencies; short-term capacity constraints or prolonged excess capacity; unforeseen developments in contingencies, such as litigation, regulatory and environmental matters; Griffon's ability to adequately protect and maintain the validity of patent and other intellectual property rights; the cyclical nature of the businesses of certain of Griffon's operating companies; possible terrorist threats and actions and their impact on the global economy; effects of possible IT system failures, data breaches or cyber-attacks; the impact of pandemics, such as COVID-19, on the U.S. and the global economy, including business disruptions, reductions in employment and an increase in business and operating facility failures, specifically among our customers and suppliers; Griffon's ability to service and refinance its debt; and the impact of recent and future legislative and regulatory changes, including, without limitation, changes in tax laws. Such statements reflect the views of the Company with respect to future events and are subject to these and other risks, as previously disclosed in the Company's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date made. Griffon undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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