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 2007, GAF acquired ElkCorp, a leading residential roofing manufacturer. [13]
In January 2016, Standard purchased the Danish company Icopal for about €1 billion. [14] In April 2017, the company acquired the German Braas Monier Building Group for €1.1 billion and formed BMI Group with its merger of Brass Monier and Icopal. In 2016, Specialty Granules (SGI), a North American aggregates and mining company, also became a Standard Industries operating company. [15] [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. [16] [17]
Operations
Standard Industries is led by CEO David Winter. [5] The company has more than 20,000 employees in approximately 50 countries. [3] [18]
Operating companies
GAF is the largest roofing company in North America which focuses on the manufacturing of roofing and waterproofing materials. Its projects include the Library of Congress and the Alamo. [5] GAF Energy is a manufacturer of residential solar roofs. It is the solar roofing business unit of GAF. [19] [20] [10] [21] Siplast is a manufacturer of roofing and waterproofing systems. [22] 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. [23]
BMI is a manufacturer of building materials and roofing accessories. [24] It was formed in 2016 in the merger of Brass Monier and Icopal. [25] [26] BMI's projects include the Louvre, the Maria Taferl, and the Lego House in Denmark. [27] [28]
Schiedel is a designer and manufacturer of chimney, stove, and ventilation systems in Europe. [29]
Specialty Granules (SGI) is a North American aggregates and mining company. [30]
In September 2021, Standard announced the $7 billion acquisition of W. R. Grace & Co., an American specialty chemicals business headquartered in Columbia, Maryland. [7]
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