| Standard Industries | |
| Type: | Parent company |
| Industry: | Building materials |
| Hq Location City: | New York City |
| Hq Location Country: | United States |
| 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 |
| Owners: | --> |
| Subsid: | GAF GAF Energy BMI Siplast SGI Schiedel W. R. Grace and Company |
| Num Employees: | 20,000+ |
| Num Employees Year: | 2021[1] |
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. David Millstone and David Winter are co-CEOs of the company.
Standard's operating companies include GAF, GAF Energy, W. R. Grace and Company,[2] BMI Group, Siplast, Schiedel, and Speciality Granules (SGI), along with Standard Investments and Winter Properties.[3] [4] [5]
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.
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.
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]
Standard Industries is led by co-CEOs David Millstone and David Winter. The company has more than 20,000 employees in over 80 countries.[1]
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.
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] [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.[2]
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 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]