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TTM Technologies To Acquire Telephonics From Griffon Corp.

By Cal Biesecker

Monday, April 18th, 2022

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TTM Technologies To Acquire Telephonics From Griffon Corp.

Multi-mode surveillance radar supplied by Telephonics. Photo: Telephonics

TTM Technologies [TTMI] on Monday said it has agreed to acquire the Telephonics business unit from Griffon Corp. [GFF] in a $330 million cash deal that will significantly boost its aerospace defense business. The acquisition is subject to regulatory approvals and is expected to close by the end of June. TTM said the acquisition will establish the company as a Tier 1 supplier to the Defense Department, strengthen its position in radio frequency-based integrated systems for defense, allow it to…

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