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

Rinnai

Carry on caravanning with Rinnai - ideal for all commercial sites

Rinnai, the UK leader in hot water heating units and systems for all commercial and residential sites, has recently completed an installation at a caravan park and holiday multi-activity centre.

Posted in Articles, Building Industry News, Building Services, Case Studies, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Posts

  • Share
swisspacerimg_Fotor

Passivhaus tests the impact of SWISSPACER's warm edge spacer bars

Passivhaus Institute in Darmstadt recently found that SWISSPACER’s aluminium and warm edge spacer bars save homeowners a significant amount on energy bills.

Posted in Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Research & Materials Testing, Sustainability & Energy Efficiency, Windows

  • Share
Ketley Brick

Ketley Brick passes rigorous freeze-thaw testing with flying colours

Ketley Brick has eased through rigorous industry freeze-thaw tests for the performance of its textured and “hit and miss” brickwork in severe exposure conditions.

Posted in Articles, Bricks & Blocks, Building Industry News, Building Products & Structures, Posts, Research & Materials Testing, Walls

  • Share
Screen Shot 2018-06-20 at 10.41.20

The environmentally friendly Thermoslate from CUPA PIZARRAS

CUPA PIZARRAS is pushing to be more environmentally friendly with Thermoslate, the roof solar system that converts sunlight to energy for central heating.

Posted in Articles, Building Industry News, Building Products & Structures, Roofs, Sustainability & Energy Efficiency

  • Share