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SUBSEQUENT EVENT
12 Months Ended
Sep. 30, 2011
Subsequent Events [Text Block]
NOTE 22 – SUBSEQUENT EVENT

On October 17, 2011, Griffon acquired the pots and planters business of Southern Sales & Marketing Group, Inc. for approximately $23,000. The acquired business, which markets its products under the Southern Patio brand name (“Southern Patio”), is a leading designer, manufacturer and marketer of landscape accessories. Southern Patio, which will be integrated with ATT, had revenue exceeding $40,000 in 2011.


Griffon is in the process of collecting the information to complete the initial purchase accounting for the Southern Patio acquisition.


On November 17, 2011, Griffon declared a $0.02 per share dividend payable on December 27, 2011 to shareholders of record as of November 29, 2011. Griffon currently intends to pay dividends each quarter; however, the payment of dividends is determined by the Board of Directors at its discretion based on various factors, and no assurance can be provided as to future dividends.