The 2020 Mid-Year Economic Update_long

GAF Agrees to Acquire Icopal

GAFs parent company, Building Materials Corp. of America, will be renamed Standard Industries.

North American roofing manufacturer GAF, Parsippany, NJ, has agreed to acquire Icopal from Investcorp Ltd for €1 billion (US$ 1.1 billion).

Icopal, a pan-European manufacturer of roofing and other waterproofing products, operates 36 production sites, employs 3,500 employees worldwide and has annual sales of €1 billion (US$1.1 billion). The acquisition of Icopal expands GAF's portfolio.

Building Materials Corp. of America, GAF’s parent company, will be renamed Standard Industries Inc., drawing on GAF’s founding as the Standard Paint Company in 1886.

Following the recent acquisitions of Specialty Granules Inc., Quest Construction Products and Icopal, the new name reflects the company’s expanded brands, product offerings and global reach.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.