M&A Deal Summary

GAF Materials Acquires FT Synthetics

On September 7, 2021, GAF Materials acquired building materials company FT Synthetics

Acquisition Highlights
  • This is GAF Materials’ 4th transaction in the Building Materials sector.
  • This is GAF Materials’ 1st transaction in Canada.
  • This is GAF Materials’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2021-09-07
Target FT Synthetics
Sector Building Materials
Buyer(s) GAF Materials
Deal Type Add-on Acquisition
Advisor(s) Citizens Capital Markets (Financial)
Borden Ladner Gervais (Legal)

Target

FT Synthetics

Langley, British Columbia, Canada
FT Synthetics is a fully integrated manufacturer of coated woven fabrics, with a dedicated focus of developing industry-leading new and unique underlayment products designed for the steep slope roofing industry. This includes North American-based operations with advanced equipment for non-woven manufacturing, adhesive application, weaving, coating, lamination, and flexographic printing. FT Synthetics was founded in 2013 and is based in Langley, British Columbia.

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Buyer(S) 1

Buyer

GAF Materials

Parsippany, New Jersey, United States
Category Company
Founded 1886
Sector Building Materials
Employees3,700
DESCRIPTION
Entrance to GAF's corporate headquarters in Parsippany, New Jersey.
Entrance to GAF's corporate headquarters in Parsippany, New Jersey.

GAF Materials is a provider of roof system solutions. The Company was established in 1886 and is headquartered in Parsippany, New Jersey.

DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 Icopal AS

Herlev, Denmark

Icopal AS is an international manufacturer of flat roofing materials. The Company also provides products and solutions for the residential roofing, building membranes, below grade waterproofing and civil engineering markets. Icopal operates 36 state-of-the-art production sites, employs approximately 3,500 employees worldwide.

Buy €1.0B
Mergr

Product

Company

Legal