# Griffon Corporation forms joint venture for AMES Australasia

Griffon Corporation entered into a definitive agreement to sell its AMES Australasia business to a joint venture formed with an investment group led by management. Griffon will receive $185 million at closing and a $50 million subordinated note, holding a 49% equity interest. The agreement was announced on 8 June 2026.

- Type: Partnership
- Announced: 2026-06-08
- Where: Australia
- Value: $235.0M
- Status: announced
- Products: home and lifestyle products, wheelbarrows
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Griffon Corporation](https://endata.com/companies/2404.md) (partner)
- [AMES Australasia](https://endata.com/companies/92367.md) (partner)

## Sources

- [griffon.gcs-web.com](https://griffon.gcs-web.com/news-releases/news-release-details/griffon-corporation-enters-agreement-form-joint-venture-ames), 2026-06-08: "Griffon Corporation today announced it has entered into a definitive agreement to sell its AMES Australasia business to a joint venture it is forming with an investment group led by the management of AMES Australasia with support from Australian financial investors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.