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You are here: Home / Archives for Elan

Elan

Sources: Nortek Security & Control Shutting Down Niles and Sunfire Brands

July 23, 2020 by Ted 8 Comments

An image of the website of Niles, a Nortek Security & Control brand

Multiple sources are confirming to Strata-gee that Nortek Security & Control (NSC or Nortek) is planning to shut down two of their brands – Sunfire and the once iconic Niles. The move is said to be the result of their relative under-performance as the company shifts its focus to the apparently more successful brands, such as Elan.

See more on the closing of Niles & Sunfire by Nortek

[Read more…] about Sources: Nortek Security & Control Shutting Down Niles and Sunfire Brands

Filed Under: Brands, News, Strategy Tagged With: Core Brands, Elan, Niles, Niles Audio, Nortek, Nortek Security & Control, SpeakerCraft, Sunfire

Melrose Suspends Dividends, Cuts Executive Pay

April 9, 2020 by Ted Leave a Comment

Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19

Melrose logo

Melrose Industries PLC has announced it will suspend the payment of its usual year-end dividend in the face of the deteriorating economic environment as a result of the global spread of Coronavirus (COVID-19). Melrose, the U.K. turnaround specialist that is parent company of the U.S. based Nortek has taken other actions to adjust operations at its operating companies in the face of COVID-19.

Learn more about Melrose’s actions to adjust to COVID-19…

[Read more…] about Melrose Suspends Dividends, Cuts Executive Pay

Filed Under: Financial, Manufacturers, News, Strategy Tagged With: 2GIG, Elan, Furman, GKN, GoControl, Linear, Melrose, Melrose Industries, Melrose Industries PLC, Melrose PLC, Niles, Nortek, Panamax, SpeakerCraft, Sunfire, Xantech

Melrose Talks of Disposing of Nortek

October 5, 2018 by Ted Leave a Comment

Are Elan, Speakercraft, Niles, Proficient, etc. In Play Again?

Nortek LogoMelrose PLC, owner of Nortek, including Nortek Security & Control, is openly talking to U.K. media about the likelihood of selling off Nortek – saying, in essence, their work is done, the turnaround is complete. This being the case, their thinking is that it is time to harvest their crop by selling off the company to reap their reward of profits.

But what does this mean for Nortek and its stable of brands?… [Read more…] about Melrose Talks of Disposing of Nortek

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Furman, Gefen, Linear, Melrose, Melrose Industries, Melrose PLC, Niles, Nortek, Nortek Security & Control, Panamax, Proficient, SpeakerCraft, Sunfire, Xantech

Elan Reveals Opening of First Training Center in Dallas

November 9, 2017 by Ted Leave a Comment

Elan logoElan revealed Wednesday that it has opened a training facility in Dallas, TX as of January of this year. The company says the facility is operating at 95% capacity and has already trained more than 200 dealers from around the United States.

See more on this new initiative from Elan… [Read more…] about Elan Reveals Opening of First Training Center in Dallas

Filed Under: Manufacturers, Training Tagged With: Core Brands, Elan, Joe Lautner, Nortek, Nortek Inc.

Nortek Parent Melrose Reports Higher Margins & Sales

March 8, 2017 by Ted Leave a Comment

Melrose logoMelrose Industries PLC, an engineering turnaround company that recently acquired Nortek, Inc. (parent company of Core Brands) announced last week that it sees margins improving at Nortek already, even though it only acquired the company just last year. Not only that, but thanks to adding Nortek to its stable of investments, Melrose has seen its revenues triple – driving its stock to a record high.

See more on what Melrose had to say about Nortek… [Read more…] about Nortek Parent Melrose Reports Higher Margins & Sales

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Core Brands, Elan, Melrose Industries PLC, Niles Audio, Nortek, SpeakerCraft, Xantech

Nortek Sold to British Investment Company

July 6, 2016 by Ted Leave a Comment

BREAKING NEWS

Melrose logoThe summer continues to heat up with the second major acquisition announcement in two days. Melrose, PLC, a UK-based investment company that buys underperforming companies, improves their operations, and then resells them, has acquired Nortek, Inc. in a deal that pays Nortek shareholders $86 per share – a 38% premium over yesterday’s closing price. The deal, an all-cash offer, is expected to close by the end of August.

See more on this acquisition… [Read more…] about Nortek Sold to British Investment Company

Filed Under: General Topics Tagged With: acquisition, AVC, Christopher Miller, Core Brands, Elan, Melrose, Melrose Industries, Melrose PLC, Michael J. Clarke, Niles, Nortek, Nortek Inc., SpeakerCraft, Xantech

Nortek Fiscal 2016 Q1 Results Improve, Except for AV

May 18, 2016 by Ted Leave a Comment

AVC Generates an Operating Loss on a 17.8% Decline in Sales

Nortek LogoNortek, Inc. (Nortek) released their results for the 2016 fiscal first quarter and generally showed broad improvement,with sales gains and profit improvements in most of their segments. But not in the Custom and Commercial Air segment which had a sales decline; and especially not in their AVC segment, which saw continued sales declines and generated a loss from operations.

See more on our Nortek 2016 Q1 report… [Read more…] about Nortek Fiscal 2016 Q1 Results Improve, Except for AV

Filed Under: Financial, Manufacturers, News Tagged With: 10Q fiscal, AVC, Core Brands, Elan, Mi Casa Verde, Michael J. Clarke, MiOS, Niles, Nortek, SEC, SpeakerCraft, Vera, Xantech

Nortek Calls Off Discussions with United Technologies

October 9, 2015 by Ted Leave a Comment

Nortek LogoNortek, Inc. announced late Thursday that it has called off talks with an unnamed party who had tendered an unsolicited offer. According to the Wall Street Journal and as we had previously reported, that suitor was United Technologies. Nortek stock closed Friday at $63.97/share or off 3.8%,  on a day when the Dow was up .2%.

See more on this announcement from Nortek… [Read more…] about Nortek Calls Off Discussions with United Technologies

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Inc., Michael J. Clarke, Niles, Nortek, Panamax, SpeakerCraft, United Technologies, Xantech

Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’

September 3, 2015 by Ted Leave a Comment

Nortek LogoAfter the Wall Street Journal revealed late last month that United Technologies Corp. (UTC) was in talks to potentially acquire Nortek, Inc., we questioned why UTC would even want to acquire Nortek. Within days of our post, investment advisory firm The Motley Fool (TMF) also raised the issue in a post last week about this not-quite-so-obvious marriage. Well, maybe it’s more like a dalliance than a marriage…at least at this point.

We found the Motley Fool’s analysis interesting – both in their clear-eyed assessment of Nortek and why the acquisition may in fact make sense for United Technologies.

See more on this Motley Fool discussion of the potential UTC-Nortek deal… [Read more…] about Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Gregory Hayes, Niles, Nortek, Nortek Inc., Panamax, SpeakerCraft, United Technologies Corp., Xantech

Nortek Management Scrambles in Wake of Troubling Q2 Results

August 6, 2015 by Ted Leave a Comment

Company Loses Almost 6% of Total Market Value in Just a Few Hours

Nortek 2015 Q2 PresentationNortek, Inc. released the results for its fiscal second quarter after the market’s close on Monday and took the unusual step of issuing optimistic performance guidance for the remainder of the year. The company does not typically release future performance guidance as a matter of policy, but did so in an apparent attempt to calm investor reaction to their troubling report. It didn’t work – investors reacted strongly on Tuesday by driving Nortek’s stock to a close of $75.23 per share, down sharply from the previous close of $79.88. In just a matter of hours, the total market value of Nortek collapsed almost 6%.

Why did investors react so strongly?… [Read more…] about Nortek Management Scrambles in Wake of Troubling Q2 Results

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: AVC, BlueBOLT, Core Brands, Elan, Furman, KORUS, Niles, Nortek, Nortek Inc., Panamax, Proficient, SpeakerCraft, Xantech

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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