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Heyman still owns most of GAF Corporation and remains the company chairman. Company Profile. GAF is an American manufacturing company based in Parsippany, New Jersey,[1] that has roots dating back to the late 19th century. Despite all the shortcomings with Ansco and Ozalid, each maintained steady profit levels through the 1960s; the industries in which they competed were expanding rapidly, so even with decreased percentage market shares, Ozalid and Ansco could remain profitable. When considering the List of SPDR Exchange Traded Funds, ETFs stock dividend history, we have taken known splits into account, such that the GAF dividend history is presented on a split-adjusted ("apples to apples") basis. In the mid-1980s, the company cashed in on a housing boom that demanded the construction products in which GAF specialized. By the late 1990s the company had spun off its specialty chemicals division, which had been the company's mainstay through most of its history, and was exclusively manufacturing roofing products. employees dedicated to our values to connect, empower, evolve, and inspire. Its that simple. Latitude: 34.262182 Longitude: -84.252189 Similar Places with GAF Materials Corporation: 1. Revenues surpassed $700 million for the first time in 1996, while operating income increased 12 consecutive quarters on a year-to-year basis starting in 1994. AnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around gaf materials corporation on 02 Jul.. It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. appreciate its future potential. The GAF acronym stands for General Aniline & Film. Symbol: Company % of Total % % % % % % % % % % Read More 'GAF' Stories Here. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. All three takeovers were ultimately thwarted, but the first two netted huge amounts of cash for GAF through the company's sale of its stock shares in the targeted firms. The product was also named an Innovation Award honoree in both the "Smart Cities" and "Smart Home" categories. For example, Arco Chemical built a new plant to manufacture butanediol, ISP's mainstay raw material, and was able to offer prices lower than ISP's for products made from the chemical. Published by at February 16, 2022. Agfa-Ansco's roots dated to a photographic supply business, the Edward Anthony Company, set up in New York City in 1842. 1965 - The U.S. government sells shares of GAF. manufacturing operations across 26 locations in the U.S. A fully-integrated manufacturer of coated woven fabrics, with a dedicated focus on developing industry-leading new and unique underlayment products designed for the steep slope roofing industry. Diverse, equitable, and inclusive teams are at the heart of leadership at GAF, North America's largest roofing manufacturer. We have 5 different ratings for every ETF to help you Since your roof can represent up to 40% of We've assembled a team to help Gulf Coast Communities build resilience and we're thrilled to have critically acclaimed actor and New Orleans native Anthony Mackie on board. Shingles With more than two dozen manufacturing plants located throughout the United States, the company has over 3,000 employees and sells its roofing products worldwide. A leading logistics provider that maintains a versatile fleet of vehicles and partners with reliable carriers to provide long and short haul services coast to coast. whittier union high school district superintendent. We're committed to fostering a culture that reflects our values to connect, empower, evolve, and inspire where we embrace. Just click the link In 1898 the RUBEROID product was enhanced when Standard Paint began to embed artificially colored ceramic granules in it, improving the product's durability, fire resistance, and attractiveness. Yields Got More Juicy, 10 Must-Know See the full story. Manufacturing operations across 27 locations in the U.S. Partnerships with innovative startups and universities. Transforming pavement into possibilities by developing colorful and cooling solutions for public and private spaces. Sign Up to See Unfortunately, General Aniline was actually entering a new 20-year era of questionable management, during which Werner ran through a diverse roster of managers, products, and industries, which never quite panned out as his plans predicted. With an overall industry labor shortage, roofers are in high demand. 2010 Introduced solar grade single-ply TPO membranes. In 1921 Standard Paint recognized the importance of its flagship product by adopting a new name, The Ruberoid Company. Over five million new roofs are installed on U.S. homes each year. The investment objective of the SPDR S&P Emerging Middle East & Africa ETF is to provide investment results that correspond generally to the total return performance of the S&P Mid-East and Africa BMI Index. The building materials division had been the market leader in residential roofing since the 1970s, and in the 1980s the division made major strides in the commercial roofing market. Copyright 2023. S.A.F.E. Established in 1886. One bright spot was the work of the brilliant chemical engineer, Dr. Jesse Werner, who led the task of replicating the formulas of all the important compounds that were formerly produced at the parent company in Germany. In several regards the government's hands were tied, preventing it from acting as freely and spontaneously as most managers could during this period. Like in the Dow, Broker Darlings: Top 15 Analyst Picks Overall, employees at GAF Materials . Size. The company also facilitates commercial tax equity financing for large-scale rooftop solar projects. The asbestos-containing products ranged from roofing shingles and siding to insulation and numerous other construction-related products. Our industry-leading portfolio of patents and products demonstrates how seriously GAF takes our commitment to making our products better, stronger, safer, and in more sustainable ways. Founded in 1886, GAF has become one of the largest roofing manufacturers in North America,[citation needed] with sales approaching $3 billion. The Company's products include ductwork, siding, shingles, ventilation products, non woven fabrics, and ornamental iron. Georgia Select Inc Insurance Advisors 54 Atlanta St SE, Marietta, Georgia 30060 Coordinate: 33.9507496, -84.5492288 Phone: +17707142063 2. We're excited to lead the next generation of clean energy adoption. Its important for the people who live and work in the community, and the organizations that seek to improve it, to understand the changes we hope theyll see and feel. GAF MATERIALS serves residential, commercial, homeowners, and professionals in the United States and Canada. Period of U.S. Government Control, 1942--65, Between 1942 and 1965, General Aniline was managed by government-appointed directors. 658 Active issued patents globally. A GAF Roofing Academy Success Story: When Training Leads to a Career, The Importance of Commercial Roof Coatings, Building Resilient Communities in New Orleans and Beyond, How to Choose the Right Shingles for Beautiful Home Exterior Design. Qualifying GAF accessory products include: (1) ridge cap shingles; (2) attic ventilation; (3) starter strip shingles; (4) roof deck protection; and (5) leak barrier. MP Materials. gaf materials corporation stock symbolgifts for teachers from students gaf materials corporation stock symbol. anywhere in the United States. GAF Stock Quote. As board president Jack Frye stated in 1953, "One of the problems of this company is that, due to its ownership situation, the management, the boards of directors, and all concerned are extremely cautious about making expenditures. GAF Materials Corporation salary ranges from $42k to $349k. GAF led the trend toward fiberglass as well as simulated woodshake roofing products. If you need a roof replacement or roof repair, you've come to the right place. first aid merit badge lesson plan. These were the first interlocking roofing shingles in the country and were much better able to withstand severe weather conditions than previously available shingles. Categories. .TTIptext { font-family: Arial; font-size: 11px; }, Below, we examine the compound annual growth rate CAGR for short of an investment into GAF shares, starting with a $10,000 purchase of GAF, and working forward through the historical stock price information to today. Privacy Policy. Current price $62.83 : 52-week high $64.31 : Prev. . Finally, we can read about how these great companies came about with Company Histories.. Parsippany, NJ 07054. gaf.com. Likewise, in 1992 BASF began operation of a new plant in Louisiana to make hair-care specialty chemicals; its modern machinery was more efficient than ISP's outmoded equipment, leading to competitive advantages in terms of time-to-market. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Free . Additionally GAF Manufactures Decking, Railing, Ventilation and Ductwork and Fiber Cement Siding. All rights reserved. The pending lawsuit with Interhandel created an atmosphere resistant to risk-taking, as each potential move by General Aniline was accompanied by threats of further legal action by Interhandel. Saint-Gobain S.A. BASF SE Owens Corning Kingspan Group PLC Johns Manville Corporation Rockwool International A/S Paroc Group Oy Gaf Materials Corporation Beijing New Building Material (Group) Co . It is classified as operating in the Asphalt Paving, Roofing & Saturated Materials Manufacturing industry. GAF had auspicious beginnings. Prior to 1940 I.G. The Timberline Solar ES has received three awards from CES, including its highest honor, the Best of Innovation award, for "Smart Cities." Ozalid's chief market share was in the engineering field; its process involving the use of diazo-sensitized paper to produce an image upon exposure to ammonia was one of the best and cheapest at the time and achieved great success in the reproduction of engineering drawings. GBAB Historical Stock Prices GAF: Roofing Shingles & Materials www.gaf.com en-us. On this Wikipedia the language links are at the top of the page across from the article title. An acquisition that had an impact on the company's future was that of the Ozalid Corporation, a producer of copying equipment, in 1940. The best and brightest minds driving innovation, growth, and transformation, An inclusive and diverse approach to collaborating together, Making a difference where we live and work through service, sustainability, and philanthropy. 1941 - American assets seized as enemy property by the U.S. government. 1892 First ready-to-lay asphalt roofing is created, known as "Ruberoid". General Aniline and Film survived some early criticisms of its very existence by Americans who questioned the prudence of such a large German concern operating in the United States. With access to GAF's national contractor network, GAF Energy is uniquely positioned to bring residential solar to the mass market, transforming more roofs into solar roofs each year. Accessories, 9 West 57th Street, 47th Floor Daily Pre-Market Movers . Our wide range of products helps provide peace of mind for millions of families and businesses throughout the country. In phase one, by applying StreetBond DuraShield with Invisible Shade. above. gaf materials corporation stock symbol. As a Standard Industries company, GAF Energy works in partnership with North America's largest roofing and waterproofing manufacturer, GAF, offering homeowners elegant, roof-integrated solar options. Dyes was classed as the largest industrial corporation in Europe. Create Alert. All 'A' Rated Buy ETFs, There's Opportunity Brewing in These 2 Beverage Stocks, The Best Semiconductor Stock to Own This Decade. It's designed to install like a regular shingle roof or even faster. rv lake lots in scottsboro, alabama for sale; assistant vice president; who killed sara cast; where is mark weinberger now; cal storm basketball roster; Below Book Value, 10 Canadian Stocks Our strategic network of manufacturing facilities helps ensure residential and commercial roofing materials arrive in peak condition where and when they're needed. From the beginning, General Aniline was designed to be largely controlled by and dependent upon German direction and research. For its plant facilities, the new corporation acquired substantial interests in Agfa-Ansco Corporation of upstate New York and General Aniline Works, Inc., which operated in New York and New Jersey. Want a personalized copy of this page for your website. Company profile page for GAF Industries Inc including stock price, company news, press releases, executives, board members, and contact information In spite of its cautious management and modest overall growth, General Aniline did achieve some significant successes in the 20 years after the government takeover. ex: materials, equipment, inventory, chemicals, machinery, product, etc. Obviously, GAF must have experienced some positive feedback for its efforts or the company would not exist today. Copyright (c) 2022 Company-Histories.com. Reach out to GAF Materials Corp directly regarding career opportunities. As part of a $25 million commitment through 2025, GAF has teamed up with nonprofits, partnered with renowned actor Anthony Mackie, and put an increasing emphasis on sustainability and resilience in natural disaster relief efforts. 1989 Heyman takes the company private; it continues to be owned by the Heyman family. Home; Services; New Patient Center. After thoroughly examining all of the company's records, however, he saw great potential for growth in building supplies and chemicals. News. If so, please fill out the form provided below. For all other properties, misapplication coverage term is 25 years. For instance, one injunction, obtained by Interhandel in 1957 in order to prevent dilution of General Aniline's equity, prohibited the company from issuing its shares for acquisitions or from entering the equity and capital markets for money with which to expand. Categories . Stocks With Insider Buying, Best Dividend Stocks Analysts Like Were building a better GAF Commercial around you. Analysts' Current Least Favorites, 10 ETFs With Stocks That As consumers, we often take for granted all the hard work that goes into building a great company. 2012 First company to offer lifetime limited warranty on entire roofing system. GAINN Historical Stock Prices The shingle form factor also means many service processes are similar to a standard roof. If you don't want it, WE MIGHT! While the technological aspects of the coatings address cooling and longevity, the vibrant color offerings let us transform neglected spaces into places neighbors are eager to enjoy together. GAF had auspicious beginnings. At one time GAF was also active in manufacturing photographic film[2] as well as cameras and projectors (both still and motion picture), and was the manufacturer of the View-Master, the famous line of 3D transparencies, viewers and projectors. GAF never stops researching, testing, prototyping and creating innovating new roofing and waterproofing solutions. Crossing Below Their 200 Day Moving Avg, Advertising Opportunities on Dividend Channel. Expert. Search all of GAF Materials Corp's current and previously listed jobs and positions. Farben acquired Grasselli in 1928, Farben changed Grasselli's name to General Aniline Works, Inc. Dyes, the German corporation was involved in most areas of the worldwide chemicals industry, pressing forward with massive investments in research. This forerunner of the GAF Materials Corporation subsidiary was founded in 1886 in Bound Brook, New Jersey, as the Standard Paint Company. Get SEC Filing Alerts, stock quote data powered by Ticker Technologies. Crossing Below Their 200 Day Moving Average, 10 . The directors were excessively cautious, in most cases focusing on immediate rather than long-term results, never knowing when the company would be sold to the public. Browse reviews, directions, phone numbers and more info on GAF Materials Corp. . Patent. We BUY - SELL - TRADE all kinds of materials! SPDR S&P Emerging Middle East & Africa is an open-end investment management company. One out of every four of those roofs come from GAF, the sister company of GAF Energy and the largest roofing and waterproofing company in North America. 100 person R&D team, including 16 Ph.Ds. In 1978 Dr. Werner sold the consumer photo and processing operations, as well as the dyes and pigments interests, because of continued poor showings. Roofing shingles and materials, plus factory-certified roofers (including ratings from real homeowners!) General Aniline Works, formerly the Grasselli Chemical Company, had established itself as a major manufacturer of synthetic organic chemicals and dyestuffs since its founding in Rensselaer, New York, in 1882 as Hudson River Aniline Color Works Company. Storyteller and filmmaker Nicolas Heller, aka New York Nico, takes us on a journey from his childhood making short films around his neighborhood, to pursuing a music video-directing career in Los Angeles, to becoming what he calls the unofficial talent scout for New York City. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Transforming the solar and roofing industries to generate energy from every roof. S&P 500, Forgotten S&P 500 Giants: gaf materials corporation stock symbolspiral series 8 release date. This product, which achieved mass-market status over the next two decades, revolutionized the roofing industry because of its rubberlike quality and its distribution in convenient rolls. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Our products protect the planet more than you may realize. Dyes chemist, Julius Walter Reppe, found a way of handling acetylene under pressure without explosion, something that was previously thought by chemists to be impossible. Protect your roof investment with powerful algae resistance, According to a survey of 380 real estate agents and certified appraisers of single-family residential homes, upgrading a roof with Timberline, A GAF Roofing Academy Success Story: When Training Leads to a Career, The Importance of Commercial Roof Coatings, Building Resilient Communities in New Orleans and Beyond, How to Choose the Right Shingles for Beautiful Home Exterior Design. In addition, GAF Energy worked with Sandia National Laboratories, a U.S. Department of Energy research and development lab, to verify the product's strength, durability, and overall market-readiness. The Cage Code for part number SW744 is 23040. 1 Campus Drive. Your roof is central to your home's exterior aesthetic. Call us at (425) 485-6059. At one time GAF was also active in manufacturing photographic film as well as . Together with GAF, GAF Energy offers homeowners elegant, roof-integrated solar options. Along with the purchase came ownership of an asbestos mine in Vermont. The 1980s culminated for GAF with the company being taken private in 1989 through a $1.4 billion highly leveraged buyout led by Heyman and 75 other members of management; only $43 million in cash was put up as part of the deal. Post author By ; toronto raptors' revenue Post date July 1, 2022; michael gelman hamptons home . In 1988 GAF acquired Sutton Laboratories, a leading manufacturer of cosmetic preservatives. Location: Focus Search: In fact, General Aniline was the leading U.S. manufacturer of dyestuffs until du Pont caught up in the late 1930s. Werner had seemingly played all his cards, but just when the trimmed-down company's future again began to look bright, another proxy fight hit GAF, this one much more bitter and hard-fought than that of 1971. A qualifying GAF roofing system consists of Timberline UHDZ shingles and 5 qualifying GAF accessory products. We Protect What Matters Most | GAF, a Standard Industries company, is North America's largest roofing and waterproofing manufacturer. Text Size:cina radio advertisers mets dodgers nlcs bad lieutenant. To instill a better sense of teamwork at the company, he decentralized management. Chemie, a Swiss holding company that was the majority stockholder of General Aniline. gaf materials corporation stock symbol. Dyes, but the company contended that it broke all relations with Germany during that year, becoming an independent corporation called Interhandel. GAF is proud to promote sustainability across all areas of our business. Your roof is central to your home's exterior aesthetic. Location. Volume Open Day's Low Day's High 52 Wk Low 52 Wk High Bid Ask EPS PE Ratio Shares Market Cap Dividend Ex-Div Date Yield. Socially Responsible Dividend Stocks, 10 Dividend Bargains You Can SAN JOSE, Calif., Jan. 3, 2022 /PRNewswire/ -- GAF Energy, a Standard Industries company and a leading provider of solar roofing in North America, today announced the launch of Timberline Solar, the only roof system to directly integrate solar technology into traditional roofing processes and materials. GAF research and development is leading the industry forward in new and exciting ways. 3,700 +. Timberline Solar from GAF Energy installs with a nail gun and roofing know-how. For too long, disaster response has prioritized short term support over long term resilience, leaving families unprepared for future challenges - there is no greater example of this than the sea of blue tarps that cover communities in New Orleans. The kind your customers really want. GAF Community Matters is hard at work building resilient communities. On January 7, 2001, GAF's principal shareholder became the 27th company in the United States to file for protection under Chapter 11 of the U.S. Bankruptcy Code from liabilities relating to asbestos-related bodily injury claims. In trying to avoid mistakes, they actually move more slowly than do their competitors.". In the mid-1940s, a chemist named Vsevolod Tulagin invented a new dye system for color photography. Come as you are. 1968 General Aniline & Film Corp. formally changes its name to GAF Corporation. Some of the earliest marketable uses of acetylene-based chemicals were the PVP (polyvinylpyrrolidone) family of products, which use a white powder that is the product of the pressurized combination of acetylene and formaldehyde; some of its uses are as a blood volume expander, suspending agent, tablet binder, and a fungicide, as well as a component in cosmetics, photographic chemicals, ink, paints, adhesives, detergents, and glass. ISP was subsequently distributed to GAF shareholders in 1997, leaving GAF with no interest in its former subsidiary. The ES boasts an industry-defying depth of less than a quarter inch and integrates with traditional shingles to create a sleek and attractive look. gaf materials corporation stock symbol. Discovery Company profile page for Gaf Energy LLC including technical research,competitor monitor,market trends,company profile& stock symbol. Acquisition. Will His AI Plans Be Any Different? Come as you are. The Company offers shingles, roof deck protection, leak barriers, single ply roofing, adhesives, fasteners, pavement coatings, sheathing, solar roofing, and other related products. By late 1994 ISP's stock had fallen almost 50 percent since the IPO. In this week's episode, we hear how Heller first picked up a camera in elementary school, blew his shot at directing a music video for A$AP Rocky, and turned his Instagram account into a vehicle for change by helping save small businesses around the city, US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Retailers Fear High-Flying US Consumers Are Falling Back to Earth, Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB Bribery Fraud, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Alphabet Must Negotiate If Contract Staff Unionize, Labor Board Official Rules, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. Note: Revenues for privately held companies are statistical evaluations. GAF's shareholder emerged from bankruptcy in 2009, having discharged its asbestos-related bodily injury claims. 1921 Based on the success of its roofing line, Standard Paint changes its name to the Ruberoid Company. "Solar roofs are the future of clean energy, and Timberline Solar is the game-changing innovation that will get us there," said Martin DeBono, president of GAF Energy. Musk Made a Mess at Twitter. Dyes, despite its claims to the contrary. 18008 Bothell Everett Hwy SE # F, Bothell, WA 98012. During the Civil War, Matthew Brady used supplies from Edward Anthony to capture his famous photographs. We're committed to fostering a culture that reflects our values to connect, empower, evolve, and inspire where we embrace. The GAF acronym stands for General Aniline & Film. 212.821.1600. Ruberoid subsequently enhanced its position as a leader in the roofing industry when it introduced Tite-On Shingles in 1933. In addition, the Ansco film could be developed within ten hours, on location, which was unheard of in the industry. GAF Materials Corporation produces Gaf elk shingles and has grown to become the favored shingles seller in North America. The more significant divestment, however, came in January of the following year when GAF Corporation's remaining stake in ISP was distributed to GAF shareholders, severing the last direct connection between GAF and ISP, although Heyman remained ISP chairman. Dyes in the new American market, which it did over the next decade. As of 1962, General Aniline remained the sole producer of the immensely profitable acetylene derivatives in the United States. 100,000 - 300,000 SF Active Projects Design-Build Design-Build Contractor . We'd love to see you here! Their license was verified as active when we last checked. Post a Job. The most important technical triumph was General Aniline's success with acetylene derivatives, a fledgling branch of chemistry in which the company's progress far surpassed its competitors'. 22. Dyes joined with a handful of prominent American businessmen&mdashong them Edsel Ford, president of the Ford Motor Company; Walter Teagle, president of the Standard Oil Company of New Jersey; Charles Mitchell, chairman of the National City Bank; and Paul Warburg, chairman of the Industrial Acceptance Bank&mdash form the board of directors of the American I.G. Its development of small office copiers and all-purpose copiers was sluggish in a booming industry, and its marketing organization was under-equipped with money and personnel. [citation needed]. Hudson River was later acquired by the leading German chemical firm of the late 19th century, Frederick Bayer & Company, which renamed it the Bayer Company in 1913. Project Date. In September 1985 Heyman stated, "We have no plans to take over other companies, but we are looking at the possible acquisition of businesses that would complement our existing chemical lines." GAF has grown to become North America's largest manufacturer of commercial and residential roofing. Heyman assumed the directorship of GAF on December 14, 1983, with promises to trim all but the most profitable operations, including initial plans to liquidate the chemicals division. Farben-industrie. Soon after it became apparent that the United States would be an active participant in World War II, General Aniline was seized by the U.S. government in February 1942, under the Trading with the Enemy Act. Dividend Stocks Crossing Below Their 200 DMA, 10 Canadian Stocks Where The U.S. view was that I.G. . Advanced Search Title. Insiders Are Buying, 10 Energy Stocks You On July 24, 2017, GAF opened at $62.09, traded as high as $63.11 and as low as $62.09, and closed at $62.83. Underlayments Accessories, TPO / PVC The company's record was legitimate, but the direct participation in its management by German citizens had raised some cautious eyebrows on Wall Street and in Washington. 2004 Introduces first pre-coated energy-efficient modified bitumen membranes. GAF is committing to help reroof homes and accelerate rebuilding efforts in these communities. Originally American IG, began as the American holdings of the German IG Farben.