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Standard Industries

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Standard Industries Holdings Inc.
TypePrivate
IndustryConglomerate[1]
Headquarters
New York City
,
U.S.
Area served
Worldwide
Key people
David Winter (CEO)
Productsbuilding materials
shingles
roofing systems
solar roofing systems
waterproofing systems
specialty chemicals
specialty granules[2]
Number of employees
20,000+ (2025[3][4])
SubsidiariesGAF
BMI Group
Siplast
SGI
Schiedel
Standard Logistics
W. R. Grace and Company
Websitestandardindustries.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. Standard also has related real estate and investment platforms.[5] David Winter is the CEO of the company.[5] David Winter and David Millstone are co-Chief Investment Officers of Standard Investments.[6]

Standard's operating companies include GAF, W. R. Grace and Company,[7] BMI Group, Siplast, Schiedel, Specialty Granules (SGI), and Standard Logistics.[8][9][10][5]

History

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Standard Industries' origins date back to 1886, with the founding of the Standard Paint Company,[11] which later changed its name to The Ruberoid Co. and then merged with General Aniline & Film, adopting the GAF name.[12]

In 2007, GAF acquired ElkCorp, a leading residential roofing manufacturer.[13]

In January 2016, Standard purchased the Danish company Icopal for about €1 billion.[14] In April 2017, the company acquired the German Braas Monier Building Group for €1.1 billion and formed BMI Group with its merger of Brass Monier and Icopal. In 2016, Specialty Granules (SGI), a North American aggregates and mining company, also became a Standard Industries operating company.[15][9]

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.[10]

In September 2021, Standard Industries Holdings acquired Grace in an all-cash transaction valued at approximately $7 billion.[16][17]

Operations

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Standard Industries is led by CEO David Winter.[5] The company has more than 20,000 employees in approximately 50 countries.[3][18]

Operating companies

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GAF is the largest roofing company in North America which focuses on the manufacturing of roofing and waterproofing materials. Its projects include the Library of Congress and the Alamo.[5] GAF Energy is a manufacturer of residential solar roofs. It is the solar roofing business unit of GAF.[19][20][10][21] Siplast is a manufacturer of roofing and waterproofing systems.[22] 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.[23]

BMI is a manufacturer of building materials and roofing accessories.[24] It was formed in 2016 in the merger of Brass Monier and Icopal.[25][26] BMI's projects include the Louvre, the Maria Taferl, and the Lego House in Denmark.[27][28]

Schiedel is a designer and manufacturer of chimney, stove, and ventilation systems in Europe.[29]

Specialty Granules (SGI) is a North American aggregates and mining company.[30]

In September 2021, Standard acquired W. R. Grace & Co., an American specialty chemicals business headquartered in Columbia, Maryland for approximately $7 billion.[7]

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Standard Investments

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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.[31] It is active in public equities, real estate, and venture capital.[32]

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.[33][34]

Winter Properties

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Winter Properties is a related business of Standard Industries that owns multiple properties in New York City and nationally.[35] Winter Properties' holdings are a mix of commercial and residential properties.[36]

References

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  1. ^ Ruchti, Siddharth (March 11, 2025). "Ex-Deutsche Investment Bank Head Mark Fedorcik Joins Standard Industries". Bloomberg News. Retrieved January 16, 2026.
  2. ^ "W. R. Grace". Forbes. Retrieved January 16, 2026.
  3. ^ a b "Standard Industries Completes Acquisition of Grace". September 22, 2021.
  4. ^ "Standard Industries: America's Largest Private Companies". Forbes. Retrieved January 16, 2026.
  5. ^ a b c d e Edgecliffe-Johnson, Andrew. "David Millstone and David Winter: Putting the business before family". www.ft.com. Retrieved May 12, 2020.
  6. ^ "Our Team". Winter Properties. Standard Industries. Retrieved January 20, 2026. David Winter and David Millstone are Co-Chief Investment Officers of Standard Investments.
  7. ^ a b "Standard Industries completes purchase of Columbia-based W.R. Grace & Co". September 22, 2021.
  8. ^ O'Reilly, Callum (September 23, 2021). "Standard Industries completes acquisition of Grace". Hydrocarbon Engineering. Retrieved January 23, 2025.
  9. ^ a b Frankfurt, Ben Dummett in London and Natascha Divac in (December 18, 2016). "Standard Industries to Buy Germany's Braas Monier for About $1.15 Billion". Wall Street Journal. Retrieved May 12, 2020.
  10. ^ a b c Peters, Adele (January 15, 2019). "The world's largest roofing company just launched a new solar startup". Fast Company. Retrieved May 12, 2020.
  11. ^ Thurston, Charles (January 19, 2019). "Solar Roofing Is The Focus Of Standard Industries' New GAF Energy Unit". CleanTechnica. Retrieved May 13, 2020.
  12. ^ "Our History". GAF.com. GAF Materials LLC. Retrieved January 30, 2026.
  13. ^ "GAF and Elk Announce Details of Merger". Roofing Contractor. February 12, 2007. Retrieved February 5, 2026.
  14. ^ Uhlig, Patricia (September 15, 2016). "Standard Industries makes $2.1 billion offer for Braas Monier". Reuters. Retrieved May 13, 2020.
  15. ^ "Combined Icopal and Braas Monier business will operate under name BMI Group". Reuters. Reuters. April 20, 2017. Retrieved February 9, 2026.
  16. ^ McAuley, Callum (September 23, 2021). "Standard Industries completes acquisition of Grace". Hydrocarbon Engineering. Retrieved January 27, 2026.
  17. ^ "Grace goes private in $7bn deal with Standard Industries Holdings". Financier Worldwide. November 2021. Retrieved January 27, 2026.
  18. ^ Murphy, Andrea; Hankin, Elisabeth (January 5, 2025). "Standard Industries". Forbes. Retrieved February 12, 2025.
  19. ^ Peters, Adele (January 15, 2019). "The world's largest roofing company just launched a new solar startup". Fast Company. Retrieved May 27, 2020.
  20. ^ Kelly-Detwiler, Peter (October 16, 2019). "If You're Already Replacing Your Roof, Why Not Turn It Into A Power Plant?". Forbes. Retrieved May 14, 2020.
  21. ^ Eckhouse, Brian (March 16, 2019). "Tesla Has a New Rival in Quest to Make Solar Rooftops Happen". www.bloomberg.com. Retrieved May 14, 2020.
  22. ^ "Siplast Inc". www.bloomberg.com. Retrieved May 27, 2020.
  23. ^ "Siplast International - references". www.siplast-international.com. Retrieved May 29, 2020.
  24. ^ Geiger, Friedrich (June 24, 2014). "Braas Monier Sets IPO Price at €24". Wall Street Journal. Retrieved May 14, 2020.
  25. ^ Roumeliotis, Greg (January 25, 2016). "U.S. roofing maker GAF to acquire Denmark's Icopal". Reuters. Retrieved May 14, 2020.
  26. ^ McGee, Patrick (December 18, 2016). "TimesBraas Monier convinces Standard Industries to sweeten bid". www.ft.com. Retrieved May 14, 2020.{{cite web}}: CS1 maint: deprecated archival service (link)
  27. ^ "LEGO House / BIG". ArchDaily. October 3, 2017. Retrieved May 14, 2020.
  28. ^ "Icopal is honoured for its participation in the Building Project of the Year 2017". December 8, 2017.
  29. ^ "Facts & Figures of Schiedel › Schiedel Company". June 2, 2016. Retrieved May 29, 2020.
  30. ^ Kuhar, Mark (September 26, 2019). "From the Roof to the Road". rockproducts.com. Retrieved May 27, 2020.
  31. ^ "Claroty Appoints Standard Investments' Peter Marturano to Board of Directors". October 14, 2021.
  32. ^ Goldfisher, Alastair (October 8, 2019). "40 North launches $200 mln venture capital effort". Venture Capital Journal. Retrieved May 27, 2020.
  33. ^ "Why 40 North Ventures Bought GE Ventures' Stakes In 11 Industrial Startups". Forbes. July 30, 2020.
  34. ^ "GE selling more tech startup investments to 40 North". Axios. July 30, 2020.
  35. ^ Gallun, Alby (December 11, 2019). "Big change at Lakeshore East developer". Crain's Chicago Business. Retrieved May 27, 2020.
  36. ^ "Former head of Ping An's real estate arm joins Winter Properties". The Real Deal New York. September 17, 2018. Retrieved May 27, 2020.
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