Standard Industries

Last updated
Standard Industries
Company type Parent company
Industry Building materials
Headquarters
New York City
,
Area served
Worldwide
Key people
David Winter (Co-CEO), David Millstone (Co-CEO)
Productsbuilding materials
shingles
roofing systems
solar roofing systems
waterproofing systems
chemical aggregates
specialty granules
Number of employees
20,000+ (2021 [1] )
Subsidiaries GAF
GAF Energy
BMI
Siplast
SGI
Schiedel
W. R. Grace and Company
Website www.standardindustries.com

Standard Industries is an American privately-held global industrial conglomerate headquartered in New York City. Standard is the parent company of a number of industrial manufacturers, roofing and solar companies, and related real estate and investment platforms. [2] David Millstone and David Winter are co-CEOs of the company. [2]

Contents

Standard's operating companies include GAF, GAF Energy, W. R. Grace and Company, [3] BMI Group, Siplast, Schiedel, and Speciality Granules (SGI), along with Standard Investments and Winter Properties. [4] [5] [2]

History

Standard Industries' origins date back to 1886, with the founding of the Standard Paint Company. [6]

In January 2016, Standard purchased the Danish company Icopal for about €1 billion. [7] In December of the same year, the company acquired the German Braas Monier Building Group for €1.1 billion. [4]

In January 2019, Standard launched GAF Energy, a solar company which aims to increase the installations of residential solar roofs by working with regional installers. [5]

On April 26, 2021, W. R. Grace announced that they have entered into a definitive agreement with Standard Industries Holdings Inc. where Standard Industries Holdings will acquire Grace in an all-cash transaction valued at approximately $7 billion. [8]

Operations

Standard Industries is led by co-CEOs David Millstone and David Winter. [2] The company has more than 20,000 employees in over 80 countries. [1]

Operating companies

GAF is the largest roofing company in North America which focuses on the manufacturing of roofing materials. Its projects include the Library of Congress and the Alamo. [2]

BMI is a manufacturer of building materials and roofing accessories. [9] It was formed in 2016 in the merger of Brass Monier and Icopal. [10] [11] BMI’s projects include the Louvre, the Maria Taferl, and the Lego House in Denmark. [12] [13]

Siplast is a manufacturer of roofing and waterproofing systems. [14] Siplast's projects include the United Nations headquarters, the Library of Congress, the Metropolitan Museum of Art, the Washington DC Metro system, and the Jacob Javits Center. [15]

GAF Energy is a manufacturer of residential solar roofs. The company currently offers its solar product in nine states, including Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Illinois, Florida, and California. [16] [17] [5] [18]

Schiedel is a designer and manufacturer of chimney, stove, and ventilation systems in Europe. [19]

Specialty Granules (SGI) is a North American aggregates and mining company. [20]

In September 2021, Standard announced the $7 billion acquisition of W. R. Grace & Co., an American specialty chemicals business headquartered in Columbia, Maryland. [3]

Standard Investments

Standard’s related investment business, Standard Investments, is a fundamentally-based investment platform that takes concentrated long-term positions across a range of sectors and leverages industrial knowledge to create value for all stakeholders. [21] It is active in public equities, real estate, and venture capital. [22]

In July 2020, Standard Investments' venture capital firm (formerly 40 North Ventures) acquired investments in eleven of GE Ventures’ startups in industrial and technological sectors. [23] [24]

Winter Properties

Winter Properties is a related business of Standard Industries that owns multiple properties in New York City and nationally. [25] Winter Properties’ holdings are a mix of commercial and residential properties. [26]

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References

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  3. 1 2 "Standard Industries completes purchase of Columbia-based W.R. Grace & Co". 22 September 2021.
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