Griffon Corporation (NYSE:GFF) announced that it has closed on the acquisition of the pots and planters business of Southern Sales & Marketing Group, Inc. The acquired business, which markets its products under the Southern Patio brand name ("Southern Patio"), is a leading designer, manufacturer and marketer of landscape accessories. Southern Patio had revenues for the fiscal year ended September 30, 2011 exceeding $40 million. Total purchase consideration approximated $23 million. Griffon expects the transaction to be immediately accretive to cash flow and earnings per share.

Griffon Corporation, through its subsidiaries, operates as a manufacturing company. The company Telephonics segment specializes in advanced electronic information and communication systems for defense, aerospace, civil, industrial, and commercial applications.

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