Standard Industries to Buy Germany’s Braas Monier for About $1.15 Billion – The Wall Street Journal

Standard Industries to Buy Germany’s Braas Monier for About $1.15 Billion – The Wall Street Journal

December 18, 2016

“Standard Industries Inc. on Sunday reached an agreement to acquire German roof maker Braas Monier Building Group SA after raising its offer in a deal that now values the sale at about €1.1 billion ($1.15 billion), up from about €1 billion initially, the companies said. …

“The deal further solidifies Standard Industries position as a leading manufacturer of roofing products through its ownership of GAF and Danish rival Icopal, which it agreed in January to acquire for about €1 billion.”

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