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Robert F. Mehmel Named Griffon President and Chief Operating Officer

  Robert F. Mehmel Named Griffon President and Chief Operating Officer

Business Wire

NEW YORK -- December 10, 2012

Griffon Corporation (“Griffon”) (NYSE: GFF), a diversified holding company,
announced that Robert F. Mehmel has been named President and Chief Operating
Officer. Mr. Mehmel joins Griffon after serving as President and Chief
Operating Officer of DRS Technologies (“DRS”), a leading defense technology
supplier of integrated products, services and support to military forces,
intelligence agencies and prime contractors worldwide.

Mr. Mehmel will report directly to Ronald J. Kramer, Griffon’s CEO, and will
be based in New York. In this newly created role, Mr. Mehmel will have
oversight over Griffon’s operating businesses and the development of corporate
strategy.

Mr. Kramer commented: "We are pleased to have Bob join us as we continue to
build our company. He brings a strong record of improving operating
performance throughout his career. I'm excited to have him join our management
team as we position Griffon for future growth in our existing businesses and
expansion through acquisitions.”

Mr. Mehmel was at DRS for twelve years, serving most recently as President and
Chief Operating Officer from 2008 to October 2012. Mr. Mehmel oversaw a
company with annual revenues of $4 billion and 10,000 employees, and was
responsible for business operations, strategic planning and corporate
development. DRS was acquired by Italian Aerospace and Defense conglomerate
Finmeccanica S.pA. in October 2008.

About Griffon Corporation

Griffon Corporation (the “Company” or “Griffon”), 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 in connection with divestitures. Griffon also seeks
out, evaluates and, when appropriate, will acquire additional businesses that
offer potentially attractive returns on capital to further diversify itself.

Griffon currently conducts its operations through Ames True Temper (“ATT”),
Clopay Building Products (“CBP”), Telephonics Corporation (“Telephonics”) and
Clopay Plastic Products Company (“Plastics”). CBP and ATT comprise the Home &
Building Products operating segment.

  *Home & Building Products is a leading manufacturer and marketer of
    residential, commercial and industrial garage doors to professional
    installing dealers and major home center retail chains, as well as a
    global provider of non-powered landscaping products that make work easier
    for homeowners and professionals.
  *Telephonics designs, develops and manufactures high-technology, integrated
    information, communication and sensor system solutions for use in military
    and commercial markets worldwide.
  *Plastics is an international leader in the development and production of
    embossed, laminated and printed specialty plastic films used in a variety
    of hygienic, health-care and industrial applications.

For more information on Griffon and its operating subsidiaries, please see the
Company’s website at www.griffoncorp.com.

Forward-looking Statements

“Safe Harbor” Statements under the Private Securities Litigation Reform Act of
1995: All statements related to, among other things, income, 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,”
“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; the Company’s ability to achieve expected
savings from cost control, integration and disposal initiatives; 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; reduced military spending by the government on projects for which
Telephonics Corporation supplied products; increases in the cost of raw
materials such as resin and steel; changes in customer demand; the potential
impact of seasonal variations and uncertain weather patterns on certain of
Griffon’s businesses; political events that could impact the worldwide
economy; a downgrade in the Company’s credit ratings; changes in international
economic conditions including 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 could
impact margins and operating efficiencies; short-term capacity constraints or
prolonged excess capacity; unforeseen developments in contingencies, such as
litigation; unfavorable results of government agency contract audits of
Telephonics Corporation; 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 Griffon’s operating companies; and
possible terrorist threats and actions and their impact on the global economy.
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. The Company
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.

Contact:

Griffon Corporation
Douglas J. Wetmore
Chief Financial Officer
212-957-5000
712 Fifth Avenue, 18^th Floor
New York, NY 10019
or
Investor Relations
ICR Inc.
Anthony Gerstein
Senior Vice President
646-277-1242
 
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