GAF

Genesis Private Equity Fund IV (GPEF IV), from the private equity group Genesis Capital, acquired a majority stake in GAF, a Czech manufacturer of specialized metal products. The founder Luděk Fofoňka retains a significant stake.

GAF, a Standards Industries company, plans to build a new $300 million shingle manufacturing facility in Newton, Kansas. The plant will create over 130 jobs and is expected to begin production in 2027, reaching full capacity by mid-2029.

GAF, a Standard Industries company, has signed a definitive agreement to acquire FT Synthetics, a British Columbia-based manufacturer of synthetic underlayments for the steep slope roofing industry.

GAF will open a new manufacturing plant in New Columbia, Pennsylvania, creating over 40 jobs. The facility will produce TPO membrane and injection molding components for roofing, opening in Q4 2017.