THE AMES COMPANIES CELEBRATES A REMARKABLE LEGACY OF 250 YEARS

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The AMES Companies celebrates its 250th anniversary, marking a significant milestone as a historic U.S. company. Founded in 1774, AMES started by creating America's first metal shovels and has grown into a leading provider of hand-powered landscaping tools. Today, AMES manages over 22 brands worldwide in the cleaning, home organization, lawn and garden, and outdoor living sectors. Headquartered in Orlando, AMES is a wholly-owned subsidiary of Griffon (NYSE:GFF). Notable historical contributions include supplying shovels during the Revolutionary War, the California Gold Rush, the construction of the Union Pacific Railroad, the Panama Canal, and the Empire State Building, among others. President Bill Glusing praises the dedication of AMES team members and their commitment to quality and innovation. Griffon supports AMES through strategic oversight and resource allocation, further enhancing its growth and diversification.

Positive

• AMES Companies achieving a 250-year milestone reinforces its long-standing reputation and stability.
• The company manages over 22 brands worldwide, showcasing its extensive market presence.
• AMES has historically contributed to significant projects, enhancing its legacy and brand trust.
• The company's portfolio includes notable brands like AMES, ClosetMaid, and True Temper, diversifying its offerings.
• Being a subsidiary of Griffon provides AMES with strategic and financial support.

Negative

• The press release lacks specific financial data, making it difficult to assess current financial performance.
• No information on recent revenue or profit figures is provided, missing a critical aspect for investors.
• The PR does not mention any new product developments or upcoming projects, which could concern growth-focused investors.

The AMES Companies reaches historic 250-year milestone as a U.S. company.

ORLANDO, Fla., June 5, 2024 /PRNewswire/ -- AMES Companies (AMES) today celebrates its 250^th anniversary, commemorating an American legacy that began with John Ames creating America's first metal shovels in 1774. Today, AMES is a leading provider of hand-powered landscaping tools and has forged a family of over 22 brands worldwide across the cleaning, home organization, lawn and garden, and outdoor living categories. Headquartered in Orlando, AMES is a wholly owned subsidiary of Griffon Corporation (NYSE:GFF).

Over the past 250 years, AMES has been embedded in American history, bringing expertise and adding value to many landmark projects and efforts, for example:

• 1775-1783, During the Revolutionary War, patriots dig in with AMES shovels
• 1848-1855, AMES shovels used during the California Gold Rush
• 1862-1869, President Lincoln selects Oakes Ames to take charge of the construction of the Union Pacific Railroad, which ultimately unites America
• 1903-1914, AMES shovels used to dig the Panama Canal
• 1929-1937, AMES tools used to help build the Empire State Building, the Golden Gate Bridge, and the Hoover Dam
• 1941-1945, AMES twice awarded the Army-Navy "E" for Excellence in Production for providing the U.S. Armed Forces with 11 million entrenching tools, armor plating, and shell casings during World War II

For a complete timeline of historical events for The AMES Companies, click here.

"Few American companies in business today have the privilege of celebrating 250 years playing such a critical role in building America. This extraordinary milestone reinforces our drive to continue building upon the AMES legacy of quality and innovation. It is also a testament to the strength and commitment of the AMES team members – thanks to their unwavering dedication to meeting the needs of consumers and professionals around the world, AMES continues to stand the test of time," said Bill Glusing, President of AMES.

The AMES Companies' portfolio of brands in the U.S. includes AMES, ClosetMaid, Harper, Jackson Professional Tools, Razor-Back Professional Tools, Southern Patio, True Temper, and UnionTools.

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, and Holmes. Rolling steel door and grille products designed for commercial, industrial, institutional, and retail use are sold under the Cornell and Cookson brands.
• Consumer and Professional Products ("CPP") is a leading 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 operating subsidiaries, please see the Company's website at www.griffon.com.

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SOURCE The AMES Companies

FAQ

What is significant about AMES Companies' 250th anniversary?

AMES Companies' 250th anniversary marks a historic milestone for a U.S. company that has contributed significantly to various landmark projects since 1774.

What is the stock symbol for Griffon ?

The stock symbol for Griffon is GFF.

What are some notable projects AMES tools have been used in?

AMES tools have been used in the Revolutionary War, the California Gold Rush, the construction of the Union Pacific Railroad, the Panama Canal, and the Empire State Building.

Who is the parent company of AMES Companies?

AMES Companies is a wholly-owned subsidiary of Griffon

Where is AMES Companies headquartered?

AMES Companies is headquartered in Orlando, Florida.

What sectors does AMES Companies' portfolio cover?

AMES Companies' portfolio covers the cleaning, home organization, lawn and garden, and outdoor living sectors.

What brands are included in AMES Companies' portfolio?

AMES Companies' portfolio includes brands like AMES, ClosetMaid, Harper, Jackson Professional Tools, Razor-Back Professional Tools, Southern Patio, True Temper, and UnionTools.