Creating a world market leader for roofing systems

Standard Industries completes acquisition of Braas Monier

Standard Industries Inc., a leading global provider of roofing and waterproofing solutions, has completed the acquisition of the Braas Monier Building Group S.A.

Standard Industries will combine Braas Monier’s operations with its European flat roofing business, Icopal, to form the largest manufacturer in the European roofing industry, with a diverse product portfolio of both pitched and flat roof technologies.

The new name for Standard Industries’ European operations will be “BMI Group”. The new logo draws on the heritage of both Icopal and Braas Monier, while symbolizing their now shared future. The existing local Braas Monier and Icopal brand names will remain a critical part of the joint operations. The group headquarters for the combined business will be in London.

Customers will benefit from the combination of strong brands and an extensive sales, service and marketing platform for the joint operations. Further, BMI Group’s offering will be enhanced by extensive investments in infrastructure and research and development designed to meet customers’ increasingly complex technology and logistics needs.

The BMI Group will be led by an experienced management team with balanced representation from Icopal and Braas Monier, comprising:

Tony Robson, Executive Chairman of Icopal, who will become Executive Chairman of the BMI Group

Georg Harrasser, Chief Executive Officer (CEO) of Braas Monier, who will become President of the BMI Group

Matthew Russell, Chief Financial Officer (CFO) of Braas Monier, who will become CFO of the BMI Group

Tom Anderson, Chief Operating Officer (COO) of Icopal, who will become COO of the BMI Group

Keith Sanders, formerly Senior Vice President (SVP) National Accounts, Sales Administration & International at GAF, Standard Industries’ North American roofing business, who will become SVP of Sales Strategy at the BMI Group

Braas Monier Building Group
www.braas-monier.com

Standard Industries

Standard Industries is a privately held, global, diversified holding company with interests in building materials, aggregates, and related investment businesses in public equities and real estate. Founded in 1886, Standard Industries has over 15 000 employees and operations in more than 80 countries. Operating subsidiaries include: GAF, a leading North American roofing manufacturer; Braas Monier Building Group, a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa; Icopal, a leading European commercial roofing business; SGI, a leading North American aggregates and mining company supplying specialized products to the North American building materials industry; and Siplast, a provider of high-end modified bitumen membranes and liquid-applied roofing products.