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You are here: Home / Archives for Melrose Industries PLC

Melrose Industries PLC

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

Nortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal Results

October 18, 2019 by Ted Leave a Comment

Melrose logo

Melrose Industries PLC, a U.K. based investment group that purchased Nortek, Inc. back in 2016, released their fiscal 2019 first half financial results last month (for the period ending June 30, 2019). And while the results showed strong sales growth (thanks to a large acquisition) the company still booked a net loss.

Perhaps more interesting, was that Nortek’s Security & Smart Technology unit figured quite prominently in the document – often for the wrong reasons.

See why Nortek was so prominent…

[Read more…] about Nortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal Results

Filed Under: Financial, Management, Manufacturers, News, Strategy Tagged With: Melrose, Melrose Industries, Melrose Industries PLC, Melrose PLC, 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

Look Out Nortek, Here Come the Lawyers

July 13, 2016 by Ted Leave a Comment

Acquirer Melrose Offers a Peek at Its Plans

Nortek LogoThe ink is barely dry on their agreement to be acquired by Britain’s Melrose Industries PLC, and already Nortek Inc. finds themselves the subject of multiple investigations by several major law firms who have publicly notified shareholders this deal may not be a good one for them. It is not clear if these law firms intend to take action yet, but if so, it could be a complicating factor in the transaction.

See who is stepping up to investigate Nortek… [Read more…] about Look Out Nortek, Here Come the Lawyers

Filed Under: Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: acquisition, Core Brands, Melrose, Melrose Industries PLC, Nortek, Nortek Inc.

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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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