It is a great pleasure to announce that as of 31 July 2017, La Hacienda Ltd became part of Griffon Corporation (NYSE: GFF), a US public company with approximately USD $2 billion of annual revenue. Griffon is a diversified management and holding company and operates in three market sectors: Home and Building Products, Telephonics Corporation and Clopay Plastic Products.
La Hacienda will form part of The AMES Companies, which is in turn part of Griffon’s Home and Building Products segment. AMES is the largest supplier of non-powered landscaping products in the USA, Canada and Australasia. The broad range includes long handled garden tools, wheelbarrows, snow tools, striking tools, pruning tools, garden hoses, planters and lawn accessories. Ames (www.ames.com) has a long history dating back to 1774 and in recent years expanded into Australia via Northcote Pottery, Cyclone and Hills. AMES has been looking for an opportunity to enter the UK market and have selected La Hacienda Ltd to work with.
Also forming part of The AMES Companies is one of America’s largest pot and planter suppliers, Southern Patio (www.planter.com). Southern Patio sources and distributes a wide range of pots and planters to many home retailers within the USA including Walmart, Home Depot, Lowes and Costco. Southern Patio is particularly strong in developing lightweight pottery made from fiberglass, resin and stonecast.
La Hacienda Ltd considers this a terrific development for our business, and has great confidence that the many employees, customers and suppliers will benefit from the new ownership structure. As part of the global AMES team, we will be well positioned to serve customers via a stronger supply chain and a broader product range.
The La Hacienda owners, John, Simon, Caroline and Maria Goodwin remain at the helm of the business, along with the wider management team, and confirm it will be ‘business as usual’ as a result of the new ownership.