Schaefer Ventilation Equipment, a manufacturer of ventilation and thermal comfort products, has been acquired by Pinnacle Products International Inc., a manufacturer of portable heating and ventilation equipment.
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 more than 25 countries, on every continent.
The merged entity has exciting growth opportunities. Schaefer’s dealer network will have access to Pinnacle’s and Schaefer’s 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 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, says, “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.” PD
—From Schaefer Ventilation Equipment news release
