Schaefer Ventilation Equipment has been acquired by Pinnacle Products International, Inc..
Pinnacle is a global developer, manufacturer, marketer and distributor of portable heating and ventilation products sold through commercial, industrial, agricultural, DIY and other retail channels throughout the world. With offices throughout North America and Asia, Pinnacle serves a diverse customer base in over 25 countries, on every continent. With brands that include MASTER®, Remington®, Pro-Temp®, Heat Stream®, Pinnacle is positioned as a great global player in industrial and construction heat, and portable ventilation products.
The merged entity has exciting growth opportunities. Schaefer’s dealer network will have access to Pinnacle’s and Schaefer’s ever expanding product offerings and particularly outside of North America, the addition of new distribution in Europe, Asia and South America will speed the global market development strategies already underway for both Schaefer and Pinnacle.
Schaefer will continue to operate from its headquarters in Sauk Rapids, Minnesota under the Schaefer banner. The current Schaefer management and sales leadership structure will remain in place. Jim Brower, Pinnacle’s CEO explains “Schaefer leadership and the entire Schaefer team has contributed to bringing about an evolution of products which has helped establish Schaefer as the global expert in ventilation products for agricultural, horticultural and industrial-commercial applications.”
Neil Crocker, president of Schaefer commented “We look forward to working with the great people at Pinnacle, serving our combined customers year round with the expanded capabilities and product lines in North America and abroad, and continuing to add exciting new products and pursue exciting new markets.”