Roofing Companies Form Asphalt Underlayment Council

Four roofing companies—Carlisle, Gardner-Gibson, Maryland Paper and Mid-States Asphalt—have formed the Asphalt Underlayment Council (AUC), a new industry association developed to cultivate the long-term success of underlayment products for building envelope applications for both residential and commercial structures.

This new group’s Interim Executive Council was instrumental in identifying the need for an industry council that supports the standardization of underlayment product quality, performance and integrity. Current AUC members include Owens Corning, Polyglass USA, Mule-Hide Manufacturing, GMC Roofing & Building Paper, GAP Roofing, Warrior Roofing Manufacturing and GAF

“With the introduction of new types of roofing underlayment products, it was felt that an industry group was needed to monitor, administer and contribute to product standards,” noted AUC Executive Director Michelle Miller.

Because standards and requirements for roof repair, reroofing, roof recovering and replacement often lack clarification within the definition of underlayment, AUC’s inaugural technical committee will focus on code classifications and industry regulations.

“The pathways to code compliance vary depending on the product type,” said John Woestman, AUC’s technical director. “The continuous influx of newly designed products and ever-evolving regulations requires a strong knowledge base with deep understanding of the codes prevalent in this industry.”

Bringing regulatory issues to light through educational initiatives and industry outreach will be accomplished through raising awareness and advocacy. AUC will actively assist in the development of building codes to ensure the high performance of roofing systems in the future.

“We will work directly with installers and contractors who may not be aware of the various product categories that are occurring in the underlayment industry,” said Robert Almon, AUC Interim Executive Council member. “Understanding the nuances of underlayment as well as discerning codes and comprehending code compliance are vital. With our combined historical experience, AUC is in a prime position to ensure all the issues surrounding underlayment are addressed through a range of resources from an engaged council, committees and membership to a vibrant website that will be launched soon, growing media outreach, literature development and ongoing educational opportunities.”

The group welcomes roofing underlayment firms to join AUC to work to make these important initiatives viable and sustainable. To learn more about the Asphalt Underlayment Council or to ask about membership, email info@aucunderlaymentcouncil.org or call (847) 686-2243.

H.B. Fuller Agrees to Purchase Royal Adhesives & Sealants

H.B. Fuller Company, a global developer and manufacturer of proprietary adhesives and sealants, announced it has signed an agreement to purchase Royal Adhesives & Sealants, a manufacturer of specialty adhesives and sealants.

“This accretive acquisition accelerates realization of our 2020 strategic objective to focus and grow in engineering adhesives and other highly specified market segments, while exceeding our targeted cash flow, EPS and EBITDA margin targets,” said H.B. Fuller President and Chief Executive Officer Jim Owens. “With Royal’s strong customer relationships and experienced team, we will add depth and breadth to our portfolio. Royal’s complementary offerings will expand our presence in North America, Europe and China, and add new technology and capabilities. We have identified $35 million in cost synergies and $15 million in growth synergies that we expect to realize over the next three years as a result of merging these two great adhesives businesses. Upon closing the transaction, H.B. Fuller will be a company with nearly $2.9 billion in revenue, focused on profitable growth in attractive engineering, durable assembly, and construction adhesives markets.”

Royal is expected to generate approximately $650 million in revenue and $138 million in adjusted EBITDA for H.B. Fuller’s fiscal year 2017. The company operates 19 manufacturing facilities in five countries, and employs approximately 1,500 people globally.

The agreed upon purchase price is $1,575 million, subject to customary adjustments. H.B. Fuller intends to finance the transaction through new debt financing. H.B. Fuller has previously announced specific financial goals for organic growth, cash flow and EBITDA margin improvement in the company’s 2020 strategic plan and believes this acquisition will support acceleration and over performance relative to these objectives. Royal is a supplier of industrial adhesives in a diverse set of end markets, including commercial roofing, aerospace, transportation, insulating glass, solar, packaging and flooring applications. With this acquisition, H.B. Fuller will gain product technology and add people and skills that will result in a more capable and dynamic company for customers and employees, according to the company. H.B. Fuller remains committed to maintaining its current dividend and rapid deleveraging using the significant free cash flow it expects to have available for this purpose.

Subject to customary closing conditions and regulatory approvals, the transaction is expected to close as soon as October of 2017. Morgan Stanley & Co. LLC is acting as H.B. Fuller’s sole financial advisor in relation to this acquisition, and Faegre Baker Daniels LLP is acting as H.B. Fuller’s legal counsel. H.B. Fuller is acquiring Royal from affiliates of American Securities LLC, based in New York with an office in Shanghai.

North American Roofing Services Names New CEO

The board of directors for North American Roofing Services Inc. appointed the company’s former chief operating officer, Kelly Wade, as the company’s chief executive officer. Wade joined the company in 2009 as the director of marketing, moving up to its director of sales and marketing and then to vice president of strategy before being named the executive vice president. She brings more than 20 years of sales, marketing and business strategy experience to North American Roofing. Her other experience includes advertising and strategic account development in Illinois, Pennsylvania, Florida and North Carolina.

“Kelly is a born leader and has created a culture unique to roofing and in line with some of the most diverse and progressive companies in the U.S.,” said Brian Verble, the former CEO and current president and vice chair of the board who will transition to chairman of the board. “It’s a culture of inclusion, team idea development, accountability and work-life balance that comes naturally to her.”

During Wade’s tenure as chief operating officer, she created a standard process-oriented and data-driven culture across all departments by investing heavily in technology and training, according to the company. Wade also expanded service offerings nationally, established a solid leadership team, implemented customer-first programs, grew the large-scale national customer base and relocated the company headquarters from North Carolina to Tampa, Florida.

“Beyond surpassing the financial and strategic goals of the company, Kelly has proven to have the character and intrinsic qualities the Board wants in its leader,” said Mike Verble, the board chairman. “Most of all, Kelly is fully committed to making North American Roofing the greatest and most profitable company it can be.”

In her new role, Wade will continue to be responsible for the overall operations and financial performance of the company. She will also maintain and grow all banking, insurance, strategic partner, and overall high-level business relationships.

“I’m grateful for the 8-year journey I’ve had at North American Roofing and to the amazing group of people I’m so blessed to work with every day,” said Wade. “I’m committed to leading the team in executing the vision and goals of the board and to continue to build upon our rich 38-year history. The future is beyond exciting for North American Roofing.”

According to Fortune Magazine’s 2017 Fortune 500 and Fortune 1000 lists, which ranks major U.S. companies by their fiscal 2016 revenues, a mere 32 of Fortune 500 companies were run by women and only 35 of Fortune 1000 companies had women at the helm. “I’m proud to be added to the number of women leading companies in the U.S., and in the construction industry especially,” said Wade. “I truly hope it inspires other women and young girls to be independent and confident because that would mean more to me. My parents taught me to work harder than the next person–regardless of gender.”

North American Roofing is headquartered in Tampa, Florida. For more information, please click here.

CertainTeed Showcases Commitment to Solar Power at SPI 2017

CertainTeed Solar is highlighting upgraded products and an enhanced installer program at Solar Power International 2017, being held September 11-13 in Las Vegas. Billed as “North America’s Premier Energy Event,” Solar Power International (SPI) is the largest annual gathering of solar industry professionals in the United States. CertainTeed Solar will be highlighting the following at booth #2463:

An Enhanced Solar Installer Program: CertainTeed Solar has updated its Solar Installer program to include both Credentialed Installer and Master Installer levels, featuring workmanship warranty coverage of 25 years for Apollo II, Apollo Tile II and Solstice systems installed by Master Solar Installers. Coupled with lead generation, marketing co-op funds and public relations support, CertainTeed’s upgraded Solar Installer Program adds further value to solar installers looking to differentiate and grow their businesses.

US Series Solar Modules: CertainTeed Solar will also highlight its US Series 60 and 72-cell solar modules. Announced in June 2017, 60 cell US Series modules have a maximum power output of 305W, while 72 cell modules reach up to 365W. All US Series modules are American-made using domestic and foreign components, and rank among the most efficient solar modules manufactured in the United States. The modules are available individually or as part of CertainTeed’s Solstice® system, which includes the components necessary for rooftop installation.

Upgraded Apollo II Solar Roofing Systems: Apollo II and Apollo Tile II solar roofing systems have been upgraded to offer 63 watts of rated power, improving on both the performance and the economics of CertainTeed’s solar roofing systems. Apollo II and Apollo Tile II modules are proudly manufactured in the United States using foreign and domestic components.

With more than 110 years of experience supplying products to the construction industry, CertainTeed Solar provides unparalleled confidence in a long-term investment. All CertainTeed solar products are available nationwide.

RoofersCoffeeShop.com Sets Up Hurricane Relief Forum

RoofersCoffeeShop.com is providing contractors and those serving the roofing industry a place to connect with a Hurricane Relief Forum. There has been an outpouring of generosity in the roofing industry, but some contractors and industry professionals outside of the stricken areas do not know how to help. According to RoofersCoffeeShop.com, the forum is a place to communicate about what the needs are in the areas of the country that have been hit hard by hurricanes.

RoofersCoffeeShop.com is also offering a free classified ad to contractors in affected areas to help them find crews, materials or other assistance. To receive a promo code for help wanted, equipment needed or storm-related classifieds, please visit the Hurricane Relief Forum. “We want to help the men and women who are roofing first responders in these areas,” stated Vickie Sharples, a RoofersCoffeeShop.com partner. “The idea started with a conversation with one of our customers, Trent Cotney of Trent Cotney P.A. Construction Law Group. We were talking about what we all could do to help after the devastation caused by these hurricanes.”

“We figured that we could do what we do best –help the industry communicate with each other,” continued Sharples. “We created the Hurricane Relief Forum as a place for contractors and others to reach out to the roofing community with their needs or to offer help. We also are offering a free classified ad because it is something we can do. We believe in our contractors and how amazing they are during these times. They need the support of their industry.”

RoofersCoffeeShop.com has offered a forum for contractors and classified advertising online since 2002. According to the company, tens of thousands of contractors have become members of the free online community. For more information, visit the Hurricane Relief Forum at www.rooferscoffeeshop.com. It is free to sign up and participate.

Petersen to Open PAC-CLAD Manufacturing Facility in Phoenix

Petersen is expanding the reach of its trusted PAC-CLAD brand by opening a new manufacturing facility in Phoenix. The 52,000-square-foot facility is scheduled to be fully operational in the first quarter of 2018, and will be equipped to provide the Western U.S. construction market with the full line of PAC-CLAD steel and aluminum cladding products, including standing seam roof panels, hidden- and exposed-fastener wall panels, sheet, coil and more.
 
The expansion West provides a solution to growth challenges Petersen has faced, said Mike Petersen, CEO. “To date, we have been limited in our ability to effectively service customers in the Western United States, largely because of the challenges and high costs of transporting products from our Texas and Illinois facilities and over the Rocky Mountains. By opening this Phoenix facility, we’re creating a foundation on which to grow the PAC-CLAD brand into the West Coast market,” Petersen said.
 
The new facility will be managed by David Hedrick, whose background includes more than 15 years of management leadership in both the manufacturing and architectural metals industries. “I’m excited about joining the Petersen team and opening this new PAC-CLAD manufacturing facility. The Arizona PAC-CLAD team looks forward to providing the Western United States construction industry with the high-quality PAC-CLAD products and professional service the rest of the country has enjoyed for more than 50 years,” Hedrick said.
 
Petersen’s facility is located in existing commercial space south of downtown Phoenix. Questions and inquiries about the Phoenix facility can be directed via email to Rob Heselbarth at rheselbarth@petersenmail.com. The Phoenix location is the sixth for Petersen, joining the company’s other facilities in Elk Grove Village, Ill.; Acworth, Ga.; Tyler, Texas; Annapolis Junction, Md.; and Andover, Minn.

For information more information, click here.

NRCA Announces Session Dates for Next Executive Management Institute

NRCA has announced it will begin new sessions for its Executive Management Institute (EMI) beginning Nov. 11. According to the association, EMI is a unique educational experience for seasoned roofing executives that provides high-level concepts to real-world roofing industry problems. EMI consists of two in-person sessions, held at Northwestern University’s Kellogg School of Management’s downtown Chicago campus. The first session will be held Nov. 11-14. EMI’s second session will take place April 8-9, 2018.

According to NRCA, executive education allows business leaders to focus on identifying and setting specific goals; encourages self-awareness and leadership development; and provides a platform to facilitate networking and exchange among peers.

EMI sessions will address two topics:
1. EMI leadership through improved communication:
• Develop your leadership persona by examining how others see you, and learn how to make changes to have more impact as a leader in your company.
• Become objective of your message and communication style by learning how others hear you. Learn to tailor your communications to become a more effective business leader.

2. Succession planning, including financial considerations:
• Identify a vision for the future of your company by looking at models for the eventual transfer of it to a family or non-family member.
• Carry out your vision by developing a process for succession, and create a plan for a smooth transition from one owner to the next.

For additional program details and application procedures, click here.

TAMKO Makes Donation to Red Cross to Aid Those Affected by Hurricane Harvey

TAMKO Building Products Inc. has proudly donated $100,000 to the American Red Cross to assist with their Hurricane Harvey disaster relief efforts in Houston and the surrounding area. TAMKO presented the funds at the Joplin, Mo., Red Cross office on Sept. 6.

“Thanks to generous partners like TAMKO, the American Red Cross is there, providing food, shelter and comfort to people affected by Hurricane Harvey,” said Stacy Burks, Executive Director of the American Red Cross Southern Missouri.  “We have deployed over a dozen local [Joplin-area] volunteers.  They join more than 3,000 Red Cross disaster workers who will continue to support families as they begin to recover and rebuild.” 

In the past, TAMKO has donated to the Red Cross to assist with disaster recovery from tornadoes that ravaged areas where TAMKO operates, including a deadly EF-5 tornado in 2011 that struck the town of Joplin, where TAMKO is headquartered. 

TAMKO’s President and CEO David Humphreys said, “The devastating effects of Hurricane Harvey are heartbreaking. TAMKO and its employees have witnessed firsthand what the American Red Cross can do to help in these types of disaster situations. We make this donation in the spirit of kindness that Houston and its neighbors so desperately need now.”
 
For more information about TAMKO, click here.

KARNAK Launches New and Improved Website 

KARNAK announced the launch of an updated website designed for an improved user experience. KARNAK, a manufacturer of reflective coatings, sealants and cements, notes that a key feature on the new site is a decision tree that helps visitors determine which product is right for them by walking them through a series of simple questions. The new design gives site users quick access to important information and resources including product installation videos and instructions and technical data.

Frequently asked questions are addressed as they relate to fabrics and reinforcements; damp proofing and waterproofing; and for general roofing scenarios. The Roof and Foundation Conditions page identifies common issues that are experienced on roofs and walls. The causes of the conditions are reviewed and the damage that can be created is described along with suggested maintenance and repair information provided for each condition. 

The new website is optimized for access from mobile devices with pages that rapidly load and navigation that is easy to use on a smartphone or tablet. Visitors to the site can also stay informed on the latest company activities and news by signing up for the new email newsletter. Visit the new site by clicking here.

Beacon Roofing Supply to Acquire Allied Building Products

Beacon Roofing Supply Inc. announced that the company has entered into an agreement to acquire Allied Building Products Corp. Beacon will purchase Allied from global diversified building products group CRH for $2.625 billion in cash.

Headquartered in Herndon, Va., Beacon is a distributor of residential and non-residential roofing and complementary building products, and the company currently has more than 380 locations in 48 states and six Canadian provinces.

Allied is headquartered in East Rutherford, N.J., and distributes products across 208 locations in 31 states. The company distributes exterior products, such as roofing, siding, windows and doors, and interior products, such as wallboard and suspended ceiling systems.

According to Beacon, the combination of Beacon and Allied will make Beacon one of the largest publicly traded wholesale building materials distributors in North America with pro forma revenues of approximately $7 billion and 593 branches in all 50 states and six provinces across Canada.

Beacon will also become the fourth largest wallboard and acoustical ceiling tile wholesale distributor in the United States, with more than $1 billion of revenue in the interior market category. Beacon and Allied have more than 150 years of combined experience providing service excellence to customers in the building products industry.

The expanded geographic footprint will allow Beacon to enter new local markets, particularly in New York, New Jersey and the upper Midwest. In addition, acquiring Allied allows Beacon to further strengthen the company’s position as a leader in roofing products distribution, while accelerating growth in other key product categories, including siding, windows, doors, decking, trim, waterproofing, insulation and solar.

Beacon expects to finance the acquisition with approximately $2.2 billion of debt financing, a new unsecured note and approximately $500 million of committed convertible preferred equity financing from an entity affiliated with the investment firm Clayton, Dubilier & Rice (CD&R), which in October 2015 sold Roofing Supply Group (RSG) to Beacon. The parties currently expect to consummate the transaction on or around January 2, 2018, subject to satisfaction of customary closing conditions.

Robert R. Buck, chairman of Beacon’s board of directors, stated: “Allied is among the most established and respected companies in our industry, and we are proud that, through this acquisition, Beacon will become one of North America’s largest publicly traded building materials distributors and will operate locations in all 50 states. I want to thank CRH for entrusting Beacon with the future success of Allied and its dedicated employees, who have been part of the CRH family for more than 20 years. The Allied acquisition also presents a great opportunity for CD&R to again become a major shareholder in Beacon. Today is of great significance in Beacon’s history and for the future of building products distribution.”

Paul Isabella, Beacon’s president and chief executive officer, commented: “I would like to welcome the more than 3,500 employees from Allied to the Beacon family. We are thrilled to partner with such a loyal and dedicated workforce that shares our commitment to superior customer service and high levels of performance. We are also excited to become a significant player in the robust, growing and still-consolidating interior products market. Together, we will leverage the strengths of both companies, while remaining committed to preserving the deep customer relationships that we have each cultivated over 150 years of combined experience. This is a milestone moment in the long and successful histories of both companies.”