Standard Industries

Last updated
Standard Industries Holdings Inc.
Company type Private
Industry Conglomerate [1]
Headquarters
New York City
,
U.S.
Area served
Worldwide
Key people
David Winter (CEO)
Productsbuilding materials
shingles
roofing systems
solar roofing systems
waterproofing systems
specialty chemicals
specialty granules [2]
Number of employees
20,000+ (2025 [3] [4] )
Subsidiaries GAF
BMI Group
Siplast
SGI
Schiedel
Standard Logistics
W. R. Grace and Company
Website standardindustries.com

Standard Industries is an American privately-held global industrial conglomerate headquartered in New York City. Standard is the parent company of a number of industrial manufacturers. Standard also has related real estate and investment platforms. [5] David Winter is the CEO of the company. [5] David Winter and David Millstone are co-Chief Investment Officers of Standard Investments. [6]

Contents

Standard's operating companies include GAF, W. R. Grace and Company, [7] BMI Group, Siplast, Schiedel, Specialty Granules (SGI), and Standard Logistics. [8] [9] [10] [5] .

History

Standard Industries' origins date back to 1886, with the founding of the Standard Paint Company, [11] which later changed its name to The Ruberoid Co. and then merged with General Aniline & Film, adopting the GAF name. [12]

In January 2016, Standard purchased the Danish company Icopal for about €1 billion. [13] In December of the same year, the company acquired the German Braas Monier Building Group for €1.1 billion. [9]

In January 2019, Standard launched GAF Energy, a solar company that aimed to increase the installations of residential solar roofs by working with regional installers. [10]

In September 2021, Standard Industries Holdings acquired Grace in an all-cash transaction valued at approximately $7 billion. [14] [15]

Operations

Standard Industries is led by co-CEOs David Millstone and David Winter. [5] The company has more than 20,000 employees in over 80 countries. [3]

Operating companies

GAF is the largest roofing company in North America which focuses on the manufacturing of roofing materials. Its projects include the Library of Congress and the Alamo. [5]

BMI is a manufacturer of building materials and roofing accessories. [16] It was formed in 2016 in the merger of Brass Monier and Icopal. [17] [18] BMI's projects include the Louvre, the Maria Taferl, and the Lego House in Denmark. [19] [20]

Siplast is a manufacturer of roofing and waterproofing systems. [21] Siplast's projects include the United Nations headquarters, the Library of Congress, the Metropolitan Museum of Art, the Washington DC Metro system, and the Jacob Javits Center. [22]

GAF Energy is a manufacturer of residential solar roofs. The company currently offers its solar product in nine states, including Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Illinois, Florida, and California. [23] [24] [10] [25]

Schiedel is a designer and manufacturer of chimney, stove, and ventilation systems in Europe. [26]

Specialty Granules (SGI) is a North American aggregates and mining company. [27]

In September 2021, Standard announced the $7 billion acquisition of W. R. Grace & Co., an American specialty chemicals business headquartered in Columbia, Maryland. [7]

Standard Investments

Standard's related investment business, Standard Investments, is a fundamentally-based investment platform that takes concentrated long-term positions across a range of sectors and leverages industrial knowledge to create value for all stakeholders. [28] It is active in public equities, real estate, and venture capital. [29]

In July 2020, Standard Investments' venture capital firm (formerly 40 North Ventures) acquired investments in eleven of GE Ventures' startups in industrial and technological sectors. [30] [31]

Winter Properties

Winter Properties is a related business of Standard Industries that owns multiple properties in New York City and nationally. [32] Winter Properties' holdings are a mix of commercial and residential properties. [33]

References

  1. ↑ Ruchti, Siddharth (March 11, 2025). "Ex-Deutsche Investment Bank Head Mark Fedorcik Joins Standard Industries". Bloomberg News . Retrieved January 16, 2026.
  2. ↑ "W. R. Grace". Forbes . Retrieved January 16, 2026.
  3. 1 2 "Standard Industries Completes Acquisition of Grace". 22 September 2021.
  4. ↑ "Standard Industries: America's Largest Private Companies". Forbes . Retrieved January 16, 2026.
  5. 1 2 3 4 5 Edgecliffe-Johnson, Andrew. "David Millstone and David Winter: Putting the business before family". www.ft.com. Retrieved 2020-05-12.
  6. ↑ "Our Team". Winter Properties. Standard Industries. Retrieved January 20, 2026. David Winter and David Millstone are Co-Chief Investment Officers of Standard Investments.
  7. 1 2 "Standard Industries completes purchase of Columbia-based W.R. Grace & Co". 22 September 2021.
  8. ↑ O'Reilly, Callum (2021-09-23). "Standard Industries completes acquisition of Grace". Hydrocarbon Engineering. Retrieved 2025-01-23.
  9. 1 2 Frankfurt, Ben Dummett in London and Natascha Divac in (2016-12-18). "Standard Industries to Buy Germany's Braas Monier for About $1.15 Billion". Wall Street Journal. Retrieved 2020-05-12.
  10. 1 2 3 Peters, Adele (2019-01-15). "The world's largest roofing company just launched a new solar startup". Fast Company. Retrieved 2020-05-12.
  11. ↑ Thurston, Charles (2019-01-19). "Solar Roofing Is The Focus Of Standard Industries' New GAF Energy Unit". CleanTechnica. Retrieved 2020-05-13.
  12. ↑ "Our History". GAF.com. GAF Materials LLC. Retrieved January 30, 2026.
  13. ↑ Uhlig, Patricia (2016-09-15). "Standard Industries makes $2.1 billion offer for Braas Monier". Reuters. Retrieved 2020-05-13.
  14. ↑ McAuley, Callum (September 23, 2021). "Standard Industries completes acquisition of Grace". Hydrocarbon Engineering. Retrieved January 27, 2026.
  15. ↑ "Grace goes private in $7bn deal with Standard Industries Holdings". Financier Worldwide. November 2021. Retrieved January 27, 2026.
  16. ↑ Geiger, Friedrich (2014-06-24). "Braas Monier Sets IPO Price at €24". Wall Street Journal. Retrieved 2020-05-14.
  17. ↑ Roumeliotis, Greg (2016-01-25). "U.S. roofing maker GAF to acquire Denmark's Icopal". Reuters. Retrieved 2020-05-14.
  18. ↑ McGee, Patrick (December 18, 2016). "TimesBraas Monier convinces Standard Industries to sweeten bid". www.ft.com. Archived from the original on May 14, 2020. Retrieved 2020-05-14.
  19. ↑ "LEGO House / BIG". ArchDaily. October 3, 2017. Retrieved 2020-05-14.
  20. ↑ "Icopal is honoured for its participation in the Building Project of the Year 2017". December 8, 2017.
  21. ↑ "Siplast Inc". www.bloomberg.com. Retrieved 2020-05-27.
  22. ↑ "Siplast International - references". www.siplast-international.com. Retrieved 2020-05-29.
  23. ↑ Peters, Adele (2019-01-15). "The world's largest roofing company just launched a new solar startup". Fast Company. Retrieved 2020-05-27.
  24. ↑ Kelly-Detwiler, Peter (October 16, 2019). "If You're Already Replacing Your Roof, Why Not Turn It Into A Power Plant?". Forbes. Retrieved 2020-05-14.
  25. ↑ Eckhouse, Brian (March 16, 2019). "Tesla Has a New Rival in Quest to Make Solar Rooftops Happen". www.bloomberg.com. Retrieved 2020-05-14.
  26. ↑ "Facts & Figures of Schiedel › Schiedel Company". 2016-06-02. Retrieved 2020-05-29.
  27. ↑ Kuhar, Mark (26 September 2019). "From the Roof to the Road". rockproducts.com. Retrieved 2020-05-27.
  28. ↑ "Claroty Appoints Standard Investments' Peter Marturano to Board of Directors". October 14, 2021.
  29. ↑ Goldfisher, Alastair (2019-10-08). "40 North launches $200 mln venture capital effort". Venture Capital Journal. Retrieved 2020-05-27.
  30. ↑ "Why 40 North Ventures Bought GE Ventures' Stakes In 11 Industrial Startups". Forbes. 30 July 2020.
  31. ↑ "GE selling more tech startup investments to 40 North". Axios. 30 July 2020.
  32. ↑ Gallun, Alby (2019-12-11). "Big change at Lakeshore East developer". Crain's Chicago Business. Retrieved 2020-05-27.
  33. ↑ "Former head of Ping An's real estate arm joins Winter Properties". The Real Deal New York. 2018-09-17. Retrieved 2020-05-27.
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