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Emerson to Sell ClosetMaid

Emerson announced the sale of its ClosetMaid business to Griffon Corporation for $260 million. The deal is expected to close in the next 30 days.  ClosetMaid, based in Ocala, FL, specializes in home organization and storage systems with nearly 1,500 employees worldwide. Griffon, based in New York, is a diversified management and holding company.  See Emerson and ClosetMaid

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