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BMI Group
24 June 2018

Standard Industries Positions Schiedel for Future Growth

Spin Off from BMI Group Strengthens Business Opportunities for Europe’s Leading Maker of Chimney Systems
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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
David Winter, Co-CEO Standard Industries
Becoming a stand-alone company within Standard Industries will sharpen their focus and help unlock significant business opportunities organically and through strategic investment
David Millstone, Co-CEO Standard Industries

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

Standard Industries is a privately-held, global, diversified holding company with interests in building materials, aggregates, and related investment businesses in public equities and real estate. Founded in 1886, Standard Industries has over 15,000 employees and operations in more than 80 countries. Operating subsidiaries include: GAF, a leading North American roofing manufacturer; Braas Monier Building Group, a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa; Icopal, a leading European commercial roofing business; SGI, a leading North American aggregates and mining company supplying specialized products to the North American building materials industry; and Siplast, a provider of high-end modified bitumen membranes and liquid-applied roofing products.

About Schiedel

Schiedel, a Standard Industries company, is a leader in flue-ducting, integrated stove and ventilation solutions and creates technically advanced, design driven products to improve the living environment. As Europe's premier/top supplier of highly energy-efficient chimney systems, Schiedel stands for 70 years of market experience, durable and highly sophisticated complete systems, intelligent mounting solutions and customized service. Schiedel is headquartered in Nußbach, Austria. Learn more at