Ames Companies adds brand to its mix
The AMES Companies has welcomed a new brand into its family of long-handled tools. The company’s parent, Griffon Corp., acquired Harper Brush Works.
The acquisition will broaden AMES’ long-handle tool offering in North America to include brooms, brushes, and other cleaning tools and accessories.
The purchase price for Harper was approximately $5 million. The acquisition is expected to contribute approximately $10 million in annualized revenue and be immediately accretive to Griffon’s earnings in its first full year of operations.
AMES brands already include AMES, Razor-Back, True Temper and Jackson.
Harper, a U.S. manufacturer of cleaning products for professional, home, and industrial use, was a division of Horizon Global.
Griffon currently conducts its operations through three reportable segments:
AMES, founded in 1774, is the leading U.S. manufacturer and a global provider of long-handled tools and landscaping products for homeowners and professionals.
Weyerhaeuser names new SVP for timberlands
Weyerhaeuser has appointed Devin Stockfish as SVP of timberlands, effective. Jan. 1, 2018. Stockfish replaces Rhonda Hunter, who will retire after 30 years at the Seattle-based company.
"Devin is a skilled and respected leader with a proven ability to deliver results," said Doyle Simons, Weyerhaeuser president and CEO. "He has done a great job driving improvement in our western timberlands organization and I know he will bring that experience and perspective to this critical role. I want to thank Rhonda for her outstanding leadership and for the many contributions she has made to this company throughout her career."
Stockfish currently serves as SVP of general counsel for the company. He joined Weyerhaeuser in 2013.
Prior to joining Weyerhaeuser, he was VP and associate general counsel at Univar Inc., where he focused on mergers and acquisitions, corporate governance and securities law. Previously, he was an attorney in the law department at Starbucks Corp. and practiced corporate law at K&L Gates LLP. Before he began practicing law, Stockfish was an engineer with The Boeing Company.
Hunter has been Weyerhaeuser's SVP of timberlands since January 2014. Before that, she held a number of leadership positions in the company's southern timberlands organization.
Weyerhaeuser is one of the largest global private owners of timberlands and controls nearly 13 million acres in the United States and manages additional timberlands under long-term licenses in Canada.