Back to the overview

Standard Industries positions schiedel for future growth

(New York, 24. July 2018) Spin Off from BMI Group Strengthens Business Opportunities for Europe’s Leading Maker of Chimney Systems.

Standard Industries positions Schiedel for future growth

Standard Industries, a global industrial company, today announced that Schiedel, its European chimney, stove and ventilation business, will become a stand-alone operation within Standard Industries.

As a result, Alessandro Cappellini, President of Schiedel, will report directly to Dick Nowak, Chief Operating Officer of Standard Industries.

Schiedel had been operating as a part of BMI Group, Standard’s leading European roofing company.

“This next step in Schiedel’s continued evolution will strengthen their ambitious growth plans and help expand their residential and non-residential market leadership across Europe," said Standard Industries Co-CEO David Winter.

“Becoming a stand-alone company within Standard Industries will sharpen their focus and help unlock significant business opportunities organically and through strategic investment,” said Standard Industries Co-CEO David Millstone.

Schiedel’s award winning stove systems bring energy- and cost-efficient heating to modern homes of all sizes across Europe. Our hundreds of global landmark projects range from football stadiums to distribution centres of premium sports car manufacturers, and industrial mega projects including oil refineries and airports.
About Standard Industries