PPC traces its history to the 1860s as a paper wholesaler, and was incorporated
under the Clopay name in 1934 when it was primarily a manufacturer of paper
products. In the 1950s, PPC expanded its product line to include extruded plastic
products, and today PPC is a global leader in the development and production
of embossed, laminated and printed specialty plastic films for hygienic, health-care
and industrial products. Products include thin gauge embossed and printed films,
elastomeric films, laminates of film and non-woven fabrics, and perforated films
and non-wovens. These products are used as moisture barriers in disposable infant
diapers, adult incontinence products and feminine hygiene products, protective
barriers in single-use surgical and industrial gowns, drapes and equipment covers,
fluid transfer/distribution layers in absorbent products, components to enhance
comfort and fit in infant diaper and adult incontinence products, packaging
for hygienic products, house wrap and other products. PPC products are sold
through a direct sales force, primarily to multinational consumer and medical
products companies. PPC employs approximately 1,500 employees.
The markets in which PPC participates have been affected by several key trends
over the past five years. These trends include increased use of disposable products
in developing countries and favorable demographics, including increasing immigration
in major global economies. Other trends representing significant opportunities
include the continued demand for innovative products such as cloth-like, breathable,
laminated and printed products, and large consumer products companies’
needs for global supply partners. Certain breathable film patents in the U.S.
held by other companies are set to expire in calendar 2016, which is expected
to create new opportunities in breathable film diaper and adult incontinence
markets. Notwithstanding positive trends affecting the industry, product design
changes by the customer can change the products manufactured by PPC and associated
demand.
PPC believes that its business development activities targeting major multinational
and regional producers of hygiene, healthcare and related products, and its
investments in its technology development capability and capacity increases,
will lead to additional sales of new and related products.
Products
PPC specialty plastic film is a thin-gauge film engineered to provide certain
performance characteristics and is manufactured from polymer resins. A laminate
is the combination of a plastic film and a woven or non-woven fabric. These
products are produced using both cast and blown extrusion and various laminating
processes. High speed, multi-color custom printing of films, customized embossing
patterns, siliconization and proprietary perforation technology further differentiate
our products. Specialty plastic film products typically provide a unique combination
of performance characteristics, such as breathability, barrier properties, fluid
flow management, elastic properties, processability and aesthetic appeal that
meet specific, proprietary customer needs.
Telephonics Corporation
Telephonics, founded in 1933, is recognized globally as a leading provider of
highly sophisticated intelligence, surveillance and communications solutions
that are deployed across a wide range of land, sea and air applications. Telephonics
designs, develops, manufactures and provides logistical support and lifecycle
sustainment services to defense, aerospace and commercial customers worldwide.
In 2016, approximately 70% of the segment’s sales were to the U.S. Government
and agencies thereof, as a prime or subcontractor, 27% to international customers
and 3% to U.S. commercial customers. Telephonics is headquartered in Farmingdale,
New York and currently employs approximately 1,200 people.
Telephonics is organized into four primary business lines: Radar Systems, Communications
and Surveillance, Systems Engineering and Commercial Products. Radar Systems
specializes in maritime surveillance, search and rescue, and weather surveillance
solutions. Communications and Surveillance Systems provides intercommunication
systems with wireless extensions that distribute voice and data on a variety
of platforms, Identification Friend or Foe (IFF) interrogators, border surveillance
systems and Air Traffic Management (ATM) products. Telephonics’ Systems
Engineering Group (SEG) provides highly technical threat and radar systems engineering
as well as analytic support to a wide range of customers, including the United
States Missile Defense Agency and Ballistic Missile Defense Program. Commercial
Products specializes in wireless intercommunications systems, ATM automation
products and commercial audio products. TLSI, or Telephonics Large Scale Integration,
a part of Commercial Products, is a full-service designer and provider of high-voltage,
high-temperature, low-power, mixed-signal System-on-Chip (SoC) and custom Application
Specific Integrated Circuits (ASICs).
To meet the unique challenges of operating in an increasingly complex industry
that is faced with continued economic and budgetary pressure on U.S. defense
procurement, Telephonics has adapted its core surveillance and communications
products, typically used by the U.S. government and its agencies, to meet the
needs of international customers in both defense and commercial markets. Telephonics
two largest product lines include maritime surveillance radar and aircraft intercommunication
management systems and as Telephonics continues to concentrate on adjacent markets
to grow these product lines both domestically and internationally, the company
remains focused on delivering high-quality products and services that protect
military personnel and civilian interests world-wide.
Clopay Building Products
Since 1964, CBP has grown, organically and through tuck-in acquisitions, to
become the leading manufacturer and marketer of residential and commercial garage
doors, and among the largest manufacturers of commercial sectional doors, in
the U.S. In addition, CBP manufactures a complete line of entry door systems
uniquely designed to complement its popular residential garage door styles.
The majority of CBP’s sales come from home remodeling and renovation projects,
with the balance from new residential housing construction and commercial building
markets. Sales into the home remodeling market are driven by the aging of the
housing stock, existing home sales activity, and the trends of improving both
home appearance and energy efficiency.
Brands
CBP brings over 50 years of experience and innovation to the garage door industry.
Our market-leading brands include Clopay®, America’s Favorite Garage
Doors®, Holmes Garage Door Company® and IDEAL Door®. Clopay is the
only residential garage door brand to hold the Good Housekeeping Seal of Approval.
Products and Service
CBP manufactures a broad line of residential sectional garage doors with a variety
of options, at varying prices. CBP offers garage doors made primarily from steel,
plastic composite and wood, and also sells related products, such as garage
door openers manufactured by third parties.
Home & Building Products
Home & Building Products consists of two companies, AMES and CBP, described
below.
AMES
AMES, founded in 1774, is the leading United States ("U.S.") manufacturer
and a global provider of long-handled tools and landscaping products that make
work easier for homeowners and professionals. AMES employs approximately 1,700
employees.
Brands
AMES brands are among the most recognized across primary product categories
in the North American and Australian long-handled tools and landscaping product
markets. Our brand portfolio includes AMES®, True Temper®, Garant®,
UnionTools®, Hound Dog®, Westmix™, Cyclone®, Southern Patio®,
Northcote Pottery™, Nylex®, Kelso™, Darby™ and Dynamic
Design™, as well as contractor-oriented brands including Razor-Back®
Professional Tools and Jackson® Professional Tools. This strong portfolio
of brands enables AMES to build and maintain long-standing relationships with
leading retailers and distributors. In addition, given the breadth of its brand
portfolio and product category depth, AMES is able to offer specific, differentiated
branding strategies for key retail customers. These strategies have focused
on enhancement of brand value, with the goal of de-commoditizing AMES products
through the introduction of identity and functionality elements that will make
each top brand unique, attractive and visually recognizable by the consumer.
The visual brand transformation of the AMES® and Razor-Back® brands
were completed in 2015 and the True Temper® line roll-out was completed
in 2016. In addition to the brands listed, AMES also sells private label branded
products further enabling channel management and customer differentiation.
Products
AMES manufactures and markets a broad portfolio of long-handled tools and landscaping
products. This portfolio is anchored by four core product categories: long handle
tools, wheelbarrows, snow tools, and decorative plastic and ceramic pots and
planters. As a result of brand portfolio recognition, high product quality,
industry leading service and strong customer relationships, AMES has earned
market-leading positions in its four core product categories. The following
is a brief description of AMES primary product lines:
Long Handled Tools: An extensive line of engineered tools including shovels,
spades, scoops, rakes, hoes, cultivators, weeders, post hole diggers, scrapers,
edgers and forks, marketed under leading brand names including AMES®, True
Temper®, UnionTools®, Garant®, Cyclone® and Kelso™, as
well as contractor-oriented brands including Razor-Back® and Jackson®.
Wheelbarrows: AMES designs, develops and manufactures a full line of wheelbarrows
and lawn carts, primarily under the AMES®, True Temper®, Jackson®
Professional Tools, UnionTools®, Garant® and Westmix™ brand names.
The products range in size, material (poly and steel), tray form, tire type,
handle length and color based on the needs of homeowners, landscapers and contractors.
Snow Tools: A complete line of snow tools is marketed under the True Temper®,
Garant® and Union Tools® brand names. The snow tool line includes shovels,
pushers, roof rakes, sled sleigh shovels, scoops and ice scrapers.
Planters and Lawn Accessories: AMES is a designer, manufacturer and distributor
of indoor and outdoor planters and accessories, sold under the Southern Patio®,
Northcote Pottery™ and Dynamic Design™ brand names, as well as various
private label brands. The range of planter sizes (from 6 to 32 inches) is available
in various designs, colors and materials. On October 17, 2011, Griffon acquired
the Southern Patio® pots and planters business. Southern Patio® is a
leading designer and marketer of decorative landscape products. Southern Patio
and Dynamic Design have been integrated to leverage Southern Patio’s capabilities,
enhance AMES product offering in the U.S. pots and planters category and enable
AMES to improve its innovation and speed to market in this category.
Striking Tools: Axes, picks, mattocks, mauls, wood splitters, sledgehammers,
pry bars and repair handles make up the striking tools product line. These products
are marketed under the True Temper®, Cyclone®, Garant®, Jackson®
Professional Tools and Razor-Back® Professional Tools brand names.
Hand Tools: Hammers, screwdrivers, pliers, adjustable wrenches, handsaws, tape
measures, levels, clamps, and other traditional long-handled tools make up this
product line. These products are marketed under the Trojan®, Cyclone®
and Supercraft® brand names. In addition, gardening hand tools, such as
trowels, cultivators, weeders and other specialty garden hand tools, are marketed
under the AMES® brand name.
Pruning: The pruning line is made up of pruners, loppers, shears and other tools
sold primarily under the True Temper®, Cyclone® and Garant® brand
names.
Garden Hose and Storage: AMES offers a wide range of manufactured and sourced
garden hoses and hose reels under the AMES®, NeverLeak®, Nylex®
and Jackson® Professional Tools brand names.
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