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.
Embedding sustainability within any organisation requires a broad, strategic perspective. Scrutiny should include the physical infrastructure itself: According to the IEA, buildings consume around 30% of global energy*. ASSA ABLOY has more…
Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Case Studies, Doors, Facility Management & Building Services, Information Technology, Research & Materials Testing, Retrofit & Renovation, Security and Fire Protection, Sustainability & Energy Efficiency, Video of the WeekDespite one of the wettest starts to the year on record, customers are starting to plan for brighter days with HydroPro Garden Paint from HMG Paints.
Posted in Articles, Building Industry News, Building Products & Structures, Garden, Innovations & New Products, Paints, Paints, Coatings & Finishes, Restoration & Refurbishment, Retrofit & Renovation, Site Preparation, Sustainability & Energy Efficiency, Waste Management & RecyclingAbloy UK is set to unveil its latest line-up of access control systems at The Security Event 2024, welcoming guests to explore its cutting-edge electromechanical and digital solutions on stand 5/F50.
Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Doors, Exhibitions and Conferences, Facility Management & Building Services, Health & Safety, Information Technology, Retrofit & Renovation, Security and Fire ProtectionIn times of emergency, you’re in safe hands with Strand Hardware. Although there are many considerations for building specification, few decisions can be as critical as selecting the right emergency exit/panic hardware.
Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Services, Doors, Facility Management & Building Services, Health & Safety, Restoration & Refurbishment, Retrofit & Renovation, Security and Fire Protection