New Jersey/Luxembourg, April 3, 2017 – Standard Industries Inc., the leading global provider of roofing and waterproofing solutions, and Braas Monier Building Group S.A. announced that Standard Industries will today close its tender offer for Braas Monier. Standard will combine Brass Monier’s operations with its European flat roofing business, Icopal, to form the largest manufacturer in the European roofing industry, with a diverse product portfolio of both pitched and flat roof technologies.
The new name for Standard Industries’ European operations will be “BMI Group.” The new logo draws on the heritage of both Icopal and Braas Monier, while symbolizing their now shared future--one in which they are stronger together. The existing local Braas Monier and Icopal brand names will remain a critical part of the joint operations. The group headquarters for the combined business will be in London.
>> Read here the full press release.
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