Overview
- The U.S. conglomerate confirmed a comprehensive review of strategic alternatives for AMES Australia this month.
- A sale of the unit is being considered, leaving the future of the Hills Hoist brand uncertain, with no transaction announced.
- The move aligns with Griffon’s plan to become a pure‑play North American building‑products company.
- AMES Australia is forecast to generate about US$40 million in pre‑tax earnings this financial year, according to Griffon.
- Griffon is also reviewing AMES operations in the UK and Canada, which it will report as discontinued operations, and AMES brands remain widely sold through Bunnings and Mitre 10.