Griffon Corp Sells Clopay Plastics to Berry Global for US$475 Million

Dechert LLP advised Griffon Corporation GFF on the sale of Clopay Plastic Products Company to Berry Global Group, Inc. for $475 million in cash. The transaction is expected to close within the first calendar quarter of 2018.

Griffon Corporation is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Clopay Plastics is a provider of specialty plastic films.

The Dechert team included partners Martin Nussbaum, Christian Matarese and Lucy Lu and associates Carla Tomazella and Mayan Katz (corporate); partner Steven Clemens (tax); partner Craig Falls and Melanie Thill-Tayara and associate Samuel Stelk (antitrust); partner Gary Mennitt (litigation); partner Stephen Skonieczny and associates Sarah Burke and Andrew Braid (employee benefits); partner Abbi Cohen (environmental transactions); counsel J. Ian Downes (labor & employment); special counsel Francois Quintard-Morenas (real estate); and partner Martin Black, special counsel Violetta Kokolus and counsel Robert Ashbrook (intellectual property).

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