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.
Nationwide Windows & Doors has devoted time, clever product design and testing at levels never previously seen to launch its next generation GRP fire door range.Posted in Access Control & Door Entry Systems, Articles, Building Industry News, Building Products & Structures, Doors, Health & Safety, Innovations & New Products, Retrofit & Renovation, Security and Fire Protection, Windows
Data showing spiking humidity levels on construction sites are a growing concern for the sector, according to a new report from temporary power company, Aggreko.Posted in Articles, Building Industry News, Building Services, Facility Management & Building Services, Health & Safety, Heating Systems, Controls and Management, Information Technology, Posts, Research & Materials Testing, Site Preparation, Thermal Imaging and Monitors
Leading housing provider Stonewater is taking full advantage of the excellent thermal efficiency of Kingspan Kooltherm K108 Cavity Board at a new affordable housing development in Dorset.Posted in Articles, Building Industry News, Building Products & Structures, Building Services, Case Studies, Insulation, Restoration & Refurbishment, Retrofit & Renovation, Walls
Freefoam has strong ties with contractors, architects and specifiers, thanks to its ‘The Power of Many’ approach.Posted in Articles, Building Industry News, Building Products & Structures, Cladding, Posts, Restoration & Refurbishment, Retrofit & Renovation, Roofs, Walls