Clopay Plastic Products Company, a wholly owned subsidiary of Griffon Corporation, announced that Clopay Europe will exit certain less profitable product categories in 2013 in order to focus on operating and growing its more profitable business lines as a result of the region’s challenging macroeconomic climate. As part of the action, Clopay Plastics says it will be investing in several new capital projects in order to improve both operating and material efficiencies. The company says it remains committed to its European business. The restructuring is expected to lead to improved performance and future growth potential.
Clopay Plastics produces and develops specialty plastic films and laminates for a variety of hygienic, health care and industrial uses in the United States and certain international markets. Products include thin gauge embossed and printed films, elastomeric films and laminates of film and non-woven fabrics. These products are used primarily as moisture barriers in disposable infant diapers, adult incontinence products and feminine hygiene products, as protective barriers in single-use surgical and industrial gowns, drapes and equipment covers, as packaging for hygienic products, house wrap and other products.