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

  • 7 Apr 2016

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

Latest news

Abloy
Renderplas

Renderplas shadow gap beads throw shade

For architects and designers looking to avoid traditional skirting boards, architraves and cornices, Renderplas offers its range of PVC plasterboard shadow gap beads for dry lining systems.

Posted in Articles, Building Industry News, Building Products & Structures, Floors, Interior Design & Construction, Interiors, Posts, Render, Restoration & Refurbishment, Retrofit & Renovation, Walls

MCRMA

First MCRMA members’ roadshow takes place at Siderise

Members of the MCRMA, the trade association for the metal cladding and roofing industry, had an exclusive opportunity to explore and discuss the changes affecting the construction sector at the first of the association’s roadshow events hosted by Siderise at its HQ and manufacturing facility in South Wales.

Posted in Articles, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Cladding, Exhibitions and Conferences, Health & Safety, Restoration & Refurbishment, Retrofit & Renovation, Seminars, Walls

BMBI