Acquisition

GAF has announced that it has signed a definitive agreement to acquire FT Synthetics, a British Columbia-based manufacturer of synthetic underlayments for the steep-slope roofing industry. In making this acquisition, GAF will invest in scaling operations and fueling sustained growth of FT Synthetics, while ensuring the continued delivery of the highest quality products and unparalleled service to customers.

FT Synthetics is well known for developing industry-leading underlayment products that meet the exacting standards of its customers, including some of the safest walking surfaces available in the industry. The company will continue to operate as an independent business within the GAF portfolio. FT Synthetics CEO Gary Sandhar will retain a senior leadership position within GAF.

GAF is a North American roofing and waterproofing manufacturer and a part of Standard Industries, a global company focused on building materials. GAF’s products include a comprehensive portfolio of roofing and waterproofing solutions for residential and commercial properties as well as for civil engineering applications. The full GAF offering is supported by an extensive national network of factory-certified contractors.

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.