Building Materials Corporation of America (BMCA), doing business as GAF Materials, wants to keep your roof looking spiffy. BMCA, which deals primarily in shingles and roofing systems, also makes flashing, vents, decorative stone for fireplaces, decking, and wrought iron balusters. Its GAF-Elk products include Timberline- and Sovereign-brand residential shingles and GAF CompositeRoof for commercial roofing. Customers include contractors, distributors, property owners, and retail outlets like The Home Depot. Founded in 1886, BMCA is a subsidiary of G-I Holdings, which is controlled by the family of the late Samuel Heyman.
BMCA has grown through acquisitions over the years. In 2009 it bought composite buildings products manufacturer Correct Buildings Products, adding to its outdoor decking lineup. The company is also taking advantage of the recovering markets, as evidenced by its reopening of plants that had been temporarily shuttered when sales dropped.
In 2007 BMCA acquired rival roofing materials company ElkCorp after winning a bidding war with Carlyle Group. The company integrated the ElkCorp brand with its own GAF brand to create the combined GAF-Elk brand. The deal was one of the largest acquisitions ever for the roofing industry.
Parent company G-I Holdings has operated under bankruptcy protection since 2001, due to asbestos liability claims. – less
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