http://aroundstars.com/r39/20/
, the garage doors manufacturing businessof N.Y.-based Griffon (NYSE: GFF), is consolidating operationa of the Baldwin plant, in St. Croix and the operations from a plantin Russia, into its plant in Troy, "These actions will enable us to centralize production at our most technologicallyt advanced facility so that Clopay can improve its manufacturing efficiencty while improving our ability to serve the needs of our said Steve Lynch, president of Clopay.
"By consolidatinfg our manufacturing, we will streamline operations, lowe costs and maintain the flexibilitg to meet supply demands now and in the The company estimates that it willincur pre-ta x exit and restructuring costs of approximately $12 million, nearlyt all of which will be in cash. Charges will includ approximately $2 million for one-time termination benefits and other personnel-related costs.
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