Griffon Corporation (Griffon) is a 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. It 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, acquires additional businesses that offer returns on capital to further diversify itself. It conducts operations in three segments: Telephonics Corporation (Telephonics), Home and Building Products, and Clopay Plastic Products Company (Plastics). On September 30, 2010, Griffon purchased all of the outstanding stock of CHATT Holdings, Inc. (ATT Holdings). In October 2011, the Company closed the acquisition of the pots and planters business of Southern Sales & Marketing Group, Inc.