Norsk resymé – original melding følger under
Standard Industries sitt oppkjøp av Braas Monier er sluttført. Verdens største produsent av kvalitetsløsninger til tette bygg dannes når kreftene til Icopal og Braas Monier forenes.
Standard Industries har fullført oppkjøpet av Braas Monier Building Group. Dermed starter arbeidet med å slå sammen Braas Monier og Icopal til det som blir verdens største produsent av kvalitetsmaterialer til tak og tette bygg. Navnet på det på nye selskapet er BMI Group, og merkevaren på eierselskapet symboliserer felles styrke ved at den tar med seg arven fra både Icopal og Braas Monier. Begge selskap beholder sine merkevarer ute i markedene.
Hovedkontoret legges til London. Toppledelsen er satt sammen av like mange ledere fra Icopal som Braas Monier, og til sammen har denne gruppen over 100 års erfaring fra takmarkedet:
- Tony Robson, styreformann i Icopal blir styreleder for BMI Group
- Georg Harrasser, konsernsjef i Braas Monier blir konserndirektør i BMI Group
- Matthew Russell, økonomidirektør i Braas Monier får samme rolle i BMI Group
- Tom Anderson, konsernleder for drift (COO) tar driftsansvar for det nye selskapet
- Keith Sanders, som har vært global salgsleder i Standard Industries sitt takselskap i USA, blir salgsdirektør i BMI Group
BMI Group gir kundene fordelen av å forholde seg til en større og sterkere leverandører som får forutsetningene til å yte enda bedre service, og tilby enda flere kvalitetstunge løsninger. Det er planlagt store investeringer i løsninger og systemer for å møte markedets krav til de smarteste løsningene og de mest smidige logistikkrutinene. David Millstone, en av to konsernsjefer i Standard Industries, er svært tilfreds med nyheten:
“Dette er en merkedag i vår over 100-årige historie. Vi slår sammen to markedsledere og får en verdensleder på løsninger til tak og tette bygg. Som det nyeste tilskuddet til Standard Industries konsernet vil BMI Group nyte fordelene av investeringer i nye løsninger, medarbeiderutvikling, og innovasjon som skal gi markedets tryggeste og smarteste løsninger.»
Den andre konsernsjefen i Standard Industries, David Winter, deler entusiasmen:
“Vi har alltid hatt stor respekt for kunnskapen og erfaringen til ledelsen og de ansatte i Braas Monier, og gleder oss til hva de tilfører det nye samlede selskapet. Vi gleder oss til å få enda flere fornøyde kunder over hele verden gjennom å være den mest kvalitetstunge og innovative leverandøren av verdiøkende løsninger.”
Påtroppende konsernsjef i BMI Group Georg Harrasser, sier:
“BMI Group vil bli Europas fremste leverandør av løsninger til tak og tette bygg. Vi har en bred portefølje av anerkjente og robuste produkt som nyter stor tillitt i markedet, og som vil bli enda bedre som følge av varslede investeringer fra våre eier i Standard Industries. Vår viktigste forutsetning for å lykkes er våre kunnskapsrike ansatte, og vi skal være arbeidsgiveren som beholder og tiltrekker seg bransjens flinkeste fageksperter.”
Standard Industries har sikret seg 94,5 prosent av aksjene i Braas Monier. Ytterligere detaljer om den finansielle transaksjonen og øvrige juridiske detaljer er her http://www.standardindustriesoffer.com.
Standard Industries er et privateid holdingsselskap med sterke posisjoner innen byggematerialer, og investeringer i verdipapirmarkedet og i eiendom. Selskapet ble stiftet i 1886 og har over 15 000 ansatte i mer enn 80 land. De viktigste selskapene i Standard Industries er GAF som er USAs største tilbydere av løsninger til tette tak, Braas Monier som tilby takprodukter i Europa, Asia og Sør-Afrika, og Icopal som er en av Europas fremste tilbydere av materialer til tette bygg.
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Standard Industries Completes Acquisition of Braas Monier to Form Global Roofing Leader
- Future management team comprised of top leadership from both Braas Monier and Icopal
- The combined Icopal and Braas Monier business will operate under the name “BMI Group”
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 Industries will combine Braas 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.
BMI Group will service its customers with a full portfolio of roofing and waterproofing solutions for both the pitched and the flat roof markets. Customers will benefit from the combination of strong brands and an extensive sales, service and marketing platform for the joint operations. Further, BMI Group’s offering will be enhanced by extensive investments in infrastructure and research and development designed to meet customers’ increasingly complex technology and logistics needs.
David Millstone, Co-CEO of Standard Industries, said, “Today is a big day in our more than 100-year history as we bring together two strong, highly-complementary businesses to form a world-class, global leader in roofing and waterproofing. As the newest member of the Standard Industries family, BMI Group will benefit from continuous investment in employee development, new product technology and innovation to provide customers with value added solutions.”
Co-CEO of Standard Industries David Winter said, “We have always respected the deep experience and work of Braas Monier’s leadership and employee base and will continue to invest heavily in the new BMI Group team. We look forward to servicing our customers’ increasingly complex needs around the globe with enhanced, value added solutions.”
BMI Group will be led by a talented management team with balanced representation from Icopal and Braas Monier and over a century of experience in the building materials industry:
- Tony Robson, Executive Chairman of Icopal, will become Executive Chairman of BMI Group
- Georg Harrasser, Chief Executive Officer of Braas Monier, will become President of BMI Group
- Matthew Russell Chief Financial Officer of Braas Monier, will become Chief Financial Officer of BMI Group
- Tom Anderson, Chief Operating Officer of Icopal, will become Chief Operating Officer of BMI Group
- Keith Sanders, most recently Senior Vice President of National Accounts, Sales Administration & International at GAF, Standard Industries’ North American roofing business, will become Senior Vice President of Sales Strategy at BMI Group
Georg Harrasser, CEO of Braas Monier and future President of BMI Group, said, “BMI Group will be the leading European manufacturer in our industry, offering customers innovative solutions for both pitched and flat roofs. We have a broad portfolio of strong and trusted products and brands that will only be enhanced by additional investment as part of the Standard Industries family”, said Harrasser. “Our employees are vital to the success of this business. We believe that people make the difference and that’s why we want to retain and attract the best in the industry to work at BMI Group,” he continued.
Standard Industries has secured approximately 94.5 percent of the total share capital and voting rights in Braas Monier. As announced on March 29, 2017, shareholders can exercise a tender right pursuant to Art. 16 para. 1 of the Luxembourg Takeover Act and require Marsella Holdings S.à r.l., a wholly-owned subsidiary of Standard Industries Inc., to acquire their shares, until June 29, 2017, 24:00 hours (midnight) (CEST). Standard Industries will publish additional details on the exercise of the tender right, in particular the fair price to be paid for the tendered Braas Monier shares, within this period.
About Standard Industries
Standard Industries is a privately-held, global, diversified holding company with interests in building materials, aggregates, and related investment businesses in public equities and real estate. Founded in 1886, Standard Industries has over 15,000 employees and operations in more than 80 countries. Operating subsidiaries include: GAF, a leading North American roofing manufacturer; Braas Monier Building Group, a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa; Icopal, a leading European commercial roofing business; SGI, a leading North American aggregates and mining company supplying specialized products to the North American building materials industry; and Siplast, a provider of high-end modified bitumen membranes and liquid-applied roofing products.
About Braas Monier
Braas Monier Building Group is a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa. The Group covers all steps of the manufacturing process, offering a comprehensive range of concrete and clay tiles for pitched roofs and is one of the few suppliers to also manufacture and sell complementary roofing components designed to cover various functional aspects of pitched roof construction. The portfolio also includes ceramic and steel chimneys and energy system solutions. Braas Monier had operations in 36 countries and 121 production facilities and employed 7,922 people as at 31 December 2016. The Company is headquartered in Luxembourg.
Hering Schuppener Consulting
Head of Communications
Standard Industries, Inc.
This announcement is for information purposes only and neither constitutes an invitation to sell, nor an offer to purchase, Braas Monier securities. The final terms and further provisions regarding the public takeover offer are disclosed in the offer document the publication of which has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), and the offer amendment. Investors and holders of Braas Monier securities are strongly recommended to read the offer document, the offer amendment, announcements regarding the tender right, and all announcements in connection with the public takeover offer as they contain or will contain important information.
The offer is made under the laws of the Federal Republic of Germany, especially under the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz (WpÜG)), the laws of the Grand Duchy of Luxembourg, in so far as they are applicable, and applicable provisions of the securities laws of the United States of America. Thus, no other announcements, registrations, admissions or approvals of the offer outside of the Federal Republic of Germany have been filed, arranged for or granted. Investors in, and holders of, securities in Braas Monier cannot rely on having recourse to provisions for the protection of investors in any jurisdiction other than the provisions of the Federal Republic of Germany, the Grand Duchy of Luxembourg, and the United States of America, in so far as their respective laws are applicable.
Subject to the exceptions described in the offer document as well as any exemptions that may be granted by any competent regulatory authority, a public takeover offer is not being made directly or indirectly, in any jurisdiction where to do so would constitute a violation of the national laws of such jurisdiction.
To the extent legally permitted, Standard Industries reserves the right to directly or indirectly acquire further Braas Monier shares outside the offer on or off a stock exchange. If such further acquisitions take place off a stock exchange, Standard Industries will publish information about such acquisitions without undue delay, stating the number of Braas Monier shares acquired or to be acquired and the consideration paid or agreed on.
To the extent any announcements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words “expect”, “believe”, “estimate”, “intend”, “aim”, “assume” or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of Standard Industries and the persons acting together with Standard Industries. Such forward-looking statements are based on current plans, estimates and forecasts, which Standard Industries and the persons acting together with Standard Industries have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by Standard Industries or the persons acting together with Standard Industries. These expectations and forward-looking statements can turn out to be incorrect and the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements. Standard Industries and the persons acting together with Standard Industries do not assume an obligation to update the forward-looking statements with respect to the actual development or incidents, basic conditions, assumptions or other factors.