Griffon Corporation (the “Company” or “Griffon”), is a diversified 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. Griffon 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, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

Ballast Nedam is definitely not dead weight in the Dutch construction industry. One of the largest firms of its kind in the Netherlands, it provides development, engineering, construction, maintenance, and management services. Its building and development division is involved in construction of homes, apartments, commercial and industrial buildings, schools, and car parks. Its infrastructure division performs road construction, earth moving, drilling and anchoring, landscaping, environmental consulting services. The unit also operates prefabricated concrete factories and other raw materials providers.

Rougier has been stacking up wood-product holdings in Europe and Central Africa for more than 70 years. It subsidiaries in Cameroon, Republic of Congo, and Gabon cut and process tropical timber into logs, sawn timber and plywood, which is shipped worldwide. Two subsidiaries in France, Rougier Sylvaco and Rougier Panneaux, import tropical timber and plywood, respectively. Europe accounts for more than half the company's revenue and Asia covers about a third. The company sells African species, including Kosipo, Kotibe, Longhi, Niove, Ozigo, Pao Rosa exclusively.

The Douglas Company has built there, done that. The firm builds multifamily residential properties ranging from three to more than 300 units; retail properties including pharmacy, grocery, department, and apparel stores; and commercial locations - everything from hockey rinks and running tracks to car dealerships and a mushroom farm. It also constructs health care, rehabilitation, and living centers for seniors, and has an in-house design studio. Members of president Peter Douglas' family formed the company in 1976.

Structural Group has overseen more facelifts than a plastic surgeon. The group consists of five companies that serve industrial, commercial, and public sectors. Specialty contractors Structural Preservation Systems and SPS Infrastructure offers structural repair, strengthening, waterproofing, and geotechnical construction on everything from bridges to historic buildings. Another unit, VSL, provides heavy lifting and post-tensioning services (a method of reinforcing concrete with high-strength steel bars). Its Pullman Power arm repairs chimneys, stacks, and silos. UK-based Electro Tech provides corrosion control and water intrusion services worldwide. The group was founded in 1976 by owner and CEO Peter Emmons.

FAFCO runs hot and cold. The company makes solar swimming pool-heating systems, solar hot water heaters, and thermal energy storage systems. FAFCO's heating systems utilize solar panels to control the temperature of water. Its solar domestic hot water system, Hot2o, was developed as a result of a 10-year partnership with the Department of Energy. The company also manufactures IceStor -- a product that controls commercial cooling costs by storing energy at night during off-peak times, and then releasing it to cool buildings during the day. Customers include schools, hotels, and offices. Its solar water heaters are marketed to homeowners. FAFCO was founded in 1969 by chairman Freeman Ford and Richard Rhodes.

CONTECH Construction Products wants water, not profits, to go down the drain. The company makes and distributes site-specific civil engineering products related to storm water management, earth stabilization, erosion control, and wall and bridge structures. Products include retaining walls, precast concrete bridges, plastic and metal drainage pipes, and storm water filtration systems. CONTECH sells to builders of commercial, industrial, and public projects, as well as large-scale residential communities. It has dealers, distributors, or manufacturing plants in all 50 US states, as well as a national sales and project consultant organization. Goldman Sachs Mezzanine Partners (GSMP) took control of CONTECH in 2010.

Heritage Environmental Services, provides a wide range of industrial waste management services. Heritage Environmental Services owns and operates a network of landfill, incineration, chemical treatment, and recovery facilities. The firm treats and disposes of corrosive substances, oils, wastewater, and laboratory chemicals. The company also constructs and operates waste management facilities at customers' sites. Heritage Environmental Services claims to be the largest private environmental company with countrywide capabilities and locations.

Bovis Homes builds and sells single-family houses, apartments, retirement facilities, and social housing units in England and Wales. The company also builds mixed-use projects which include residential properties in combination with retail and/or office properties. Bovis targets the middle market buyer; it completed some 1,800 homes in 2008 (down from 2,900 in 2007) with an average price of 150,800 (some $249,600). The company maintains a land bank portfolio of approximately 11,500 plots held for development.

Ducts Unlimited Mechanical Systems helps businesses maintain the perfect business environment. The company offers commercial HVAC installation (heating, ventilating, and air conditioning) and related services to various businesses in the Denver metropolitan area. Ducts Unlimited does everything from maintenance of existing systems to ground-up system installation; it also specializes in the maintenance and installation of computer room A/C systems. Additionally, the company runs a sheetmetal fabrication shop that serves the company's commercial customers and sheetmetal contractors. Founded in 2000, Ducts Unlimited is privately-owned and headed by president Robert Leishman.

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