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Greg Hayes

Why Would United Technologies Want to Acquire Nortek?

August 21, 2015 by Ted Leave a Comment

UTC logoThe Wall Street Journal broke the news yesterday that United Technologies Corp. is in talks to possibly acquire Nortek, Inc. Nortek is best known in our industry as the parent company of Core Brands, a collection of several prominent lines – such as Niles, Elan, SpeakerCraft (and others) – that are focused largely on the custom integration business, but also produces commercial and residential HVAC and air handling equipment. United Technologies is a large conglomerate with diversified holdings such as Pratt & Whitney jet engines, Otis elevators, and Carrier air-conditioning equipment.

See more on what we know so far on this potential deal, which isn’t much… [Read more…] about Why Would United Technologies Want to Acquire Nortek?

Filed Under: Brands, Financial, News, Pivot Point Tagged With: Greg Hayes, Nortek, Nortek Inc., United Technology, United Technology Corp.

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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