Just like Aldous Huxley and Jim Morrison, Clopay knows something about doors. Subsidiary Clopay Building Products makes residential and commercial garage doors for the remodel and new-build markets. Brands include Avante, Canyon Ridge, Reserve, and Coachman, and its products are distributed nationwide by independent contractors, home improvement stores, and wholesalers. The Home Depot and Menard are among its largest customers. Another subsidiary, Clopay Plastic Products, makes specialty plastic films for hygienic, medical, and industrial applications. (Procter & Gamble uses the film for its disposable diapers.) Clopay Corp. is owned by holding company Griffon, which also owns Telephonics and Ames True Temper.
Clopay Building Products (CBP) and Clopay Plastic Products (CPP) generated 22% and 29% of its parent's revenue, respectively, in 2011. Both CBP and CPP depend upon a concentrated number of clients. Home Depot, Lowes, and Menards collectively accounted for around 35% of CBP's revenue for 2011, while Procter & Gamble represented 49% of CPP's total sales for the year.
CBP maintains a network of about 50 distribution centers in the US and Canada. The unit makes doors out of steel, wood, and plastic composites; it also sells related components made by third-party manufacturers. CPP operates a half-dozen facilities in North America, Europe, South America, and the Asia/Pacific. Its products are sold to manufacturers around the world for use in such items as diapers, feminine hygiene products, surgical and industrial gowns, and equipment covers. – less
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