Icopal-GAF

GAF acquires Icopal to create largest manufacturer in the global roofing industry

  • 7 Apr 2016

  • Share

North American roofing manufacturer GAF has announced the acquisition of Icopal, a pan-European manufacturer of roofing and waterproofing products, for approximately €1 billion.

The acquisition will provide GAF with a platform for growth on both sides of the Atlantic within the roofing industry.

GAF’s Executive Vice President of Sales, Jim Schnepper, will now become President and Chief Executive Officer of Icopal, whilst Tom Anderson, GAF’s Senior Vice President of Planning & Supply Chain Management, will become Chief Operating Officer.

GAF and Icopal now has a combined 6,500 employees and nearly $4 billion in sales across more than 80 countries.

Bob Tafaro, President & CEO of GAF commented: “GAF and Icopal are an excellent cultural fit given our shared focus on manufacturing excellence, strong customer service, and innovation.

Icopal and its leading roofing and waterproofing brands have a bright future within the GAF family, and we look forward to working together to create world-class value for all of our customers.”

Moelis & Company oversaw the acquisition as an exclusive financial advisor for GAF’s parent company, Standard Industries. Sullivan & Cromwell acted as a legal advisor in the transaction.

Leave a Reply

More articles

FLIR

Added value thermal imaging with FLIR

North American roofing manufacturer GAF has announced the acquisition of Icopal, a pan-European manufacturer of roofing and waterproofing products, for approximately €1 billion. The acquisition will provide GAF with a platform for growth on both sides of the Atlantic within the roofing industry. GAF’s Executive Vice President of Sales, Jim Schnepper, will now become President[…]

Posted in Articles, Building Industry News, Information Technology, Innovations & New Products, Posts, Thermal Imaging and Monitors

  • Share
GAI

Request for door hardware experts’ input into the future of CE marking

The status of CE marking on construction products in Europe is to be considered as part of a review of the Construction Products Regulation (CPR), where the GAI will produce a response.

Posted in Architectural Ironmongery, Articles, Building Associations & Institutes, Building Industry News, Building Products & Structures, Doors, Plant, Equipment and Hire, Posts, Publications, Research & Materials Testing, Windows

  • Share
Senior Architectural Systems

Senior fenestration systems welcome students into Stirling

Senior Architectural Systems have helped in the creation of the new landmark INTO Centre for International students at the University of Stirling.

Posted in Aluminium Products, Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Curtain Walling, Posts, Retrofit & Renovation, Walls, Windows

  • Share
Knauf AMF

New Heradesign Creative from Knauf AMF - designed to inspire

Heradesign Creative is an innovative range of decorative and functional acoustic wall absorbers from Knauf AMF – available in eight shapes, they can be combined to produce truly unique designs.

Posted in Articles, Building Industry News, Innovations & New Products, Interiors, Posts, Walls

  • Share