Standard Industries
American industrial company From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Private |
|---|---|
| Industry | Building materials |
| Headquarters | , U.S. |
Area served | Worldwide |
Key people | David Winter (Co-CEO), David Millstone (Co-CEO) |
| Products | building 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 | standardindustries |
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
Summarize
Perspective
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]
Related businesses
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]
References
External links
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