Standard Industries
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. David Winter is the CEO of the company.David Winter and David Millstone are co-Chief Investment Officers of Standard Investments.
Standard's operating companies include GAF, W. R. Grace and Company, BMI Group, Siplast, Schiedel, Specialty Granules, and Standard Logistics..
History
Standard Industries' origins date back to 1886, with the founding of the Standard Paint Company,which later changed its name to The Ruberoid Co. and then merged with General Aniline & Film, adopting the GAF name.In January 2016, Standard purchased the Danish company Icopal for about €1 billion. 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 that aimed to increase the installations of residential solar roofs by working with regional installers.
In September 2021, Standard Industries Holdings acquired Grace in an all-cash transaction valued at approximately $7 billion.
Operations
Standard Industries is led by co-CEOs David Millstone and David Winter. The company has more than 20,000 employees in over 80 countries.Operating companies
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. It was formed in 2016 in the merger of Brass Monier and Icopal. BMI's projects include the Louvre, the Maria Taferl, and the Lego House in Denmark.
Siplast is a manufacturer of roofing and waterproofing systems. 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.
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.
Schiedel is a designer and manufacturer of chimney, stove, and ventilation systems in Europe.
Specialty Granules is a North American aggregates and mining company.
In September 2021, Standard announced the $7 billion acquisition of W. R. Grace & Co., an American specialty chemicals business headquartered in Columbia, Maryland.
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. It is active in public equities, real estate, and venture capital.In July 2020, Standard Investments' venture capital firm acquired investments in eleven of GE Ventures' startups in industrial and technological sectors.