Nortek’s Core Brands’ president Joe Roberts expects strong investment by new owners Melrose Industries. Company portal now accounts for 60% of purchases. Big CEDIA plans in place.
Source: Nortek’s Core Brands: ‘Business As Usual’ Following Buyout – CE Pro
Nortek Agrees to be Acquired by Melrose Industries PLC Z-Wave Alliance
Source: Nortek Agrees to be Acquired by Melrose Industries PLC – Z-Wave Alliance
UK-based Melrose Industries, Plc, likes to “buy, improve, sell” manufacturing companies within two to three years. Nortek makes residential products including ventilation, security, home automation, audio/video under brands such as Broan, Nutone, Core Brands and 2Gig.
Source: Nortek Being Acquired by Investment Firm Melrose Industries, to be Packaged for Resale – CE Pro