Dechert Advises Griffon in Agreement to Sell Telephonics Corporation to TTM Technologies for US$330 Million

Dechert is advising Griffon Corporation in its definitive agreement to sell Telephonics Corporation to TTM Technologies for US$330 million. The  transaction is subject to customary closing conditions and regulatory approvals, and is expected to close within the second calendar quarter of 2022.

In December 2021, Dechert advised Griffon in its US$845 million acquisition of the Hunter Fan Company. Dechert also previously advised Griffon in the acquisitions of CornellCookson and ClosetMaid, and the sale of Clopay Plastics.

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. 

The Dechert team advising Griffon Corporation includes corporate partners Martin Nussbaum, Derek Winokur and Stephen Pratt and associates Laura Konkel, Michael Gordon, Andrew Darnell, Lisa Perri and Shannon Footer; intellectual property partners Thomas Rayski and Joshua Rawson and associate Spencer Joffrion; tax partners Elizabeth Guidi and Edward Lemanowicz and associate Harris Cornell; real estate special counsel Francois Quintard-Morenas; antitrust partners James Fishkin and Clemens Graf York von Wartenburg, counsels Michael Okkonen and Beverly Ang and associates Delphine Stroll, Isabella Egetenmeir and Dennis Schmelzer; employee benefits partner Andrew Braid and associate Naina Kamath; environmental partner Abbi Cohen; finance associates Dienna Corrado and Matthew Bernstein; litigation associate Bailey Dervishi; and labor partner Ian Downes.

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