True Temper sale completed

New York-based Castle Harlan announced it has completed the sale of Ames True Temper to Griffon Corp. for $542 million.

"Our five-year plan for Ames True Temper Inc. was to expand the business, increase market share in the U.S., create international exposure and broaden product lines for distribution through our pipeline. We have done that and are pleased with the results. We wish the company continued success as part of the Griffon family," said Castle Harlan co-president William Pruellage.