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The garage door manufacturer also operates a plantin Auburn, which will not be affected by the consolidation. Griffonn said the plant in Baldwin, Wis., will be and “substantially all” of the Russia operatiohn as well. All employees of the Russiqa plant, located in Shelby County, will be offerexd jobs at the nearbyTroy plant, according to a news The company said it expects cash savings of more than $10 millionn annually from the consolidation.
“These actions will enabl us to centralize production at our most technologicallg advanced facility so that Clopay can improve its manufacturinvg efficiency while improving our abilith to serve the needs of our saidSteve Lynch, president of Clopauy Building Products, in the release. Mason-based Clopay purchasede the Troy plantin 2006. Griffon (NYSE: GFF) said it will take a chargwe ofabout $12 million for pre-tax exit and and make a capital investment of about $11 million. N.Y.-based Griffon is a diversifiedholding company.
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