Roofing and waterproofing manufacturer GAF signed a definitive agreement to acquire FT Synthetics, a British Columbia-based manufacturer of synthetic underlayments for the steep slope roofing industry. GAF said it will invest in scaling operations and fueling the sustained growth of FT Synthetics.
“FT Synthetics and GAF share a deep commitment to the roofing industry,” Jim Schnepper, CEO of GAF, said in a news release. “This acquisition will enable GAF to pursue our shared goals of continued innovation and explore opportunities for expanded product offerings that support the entire building envelope.”
GAF said FT Synthetics will continue to operate as an independent business within the GAF portfolio and FT Synthetics CEO Gary Sandhar will retain a senior leadership position within GAF.
“GAF’s company culture is extremely compatible with FT Synthetics, particularly its focus on the customer experience and providing unparalleled service,” Sandhar said. “We are excited to join the GAF family and look forward to our continued growth together.”
