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Melrose PLC

Core Brands Moved Under Control of Nortek’s SCS Group

December 14, 2016 by Ted Leave a Comment

Nortek's Core Brands LogoIn a reorganization at Nortek, Core Brands, previously a freestanding, underperforming segment of the company, has been moved under the control of Nortek’s Security and Control Solutions Group, it was announced internally this week. With this change, Core Brands President Joe Roberts will now report to SCS Group’s President Michael O’Neal.

See more on this change with Core Brands inside of Nortek… [Read more…] about Core Brands Moved Under Control of Nortek’s SCS Group

Filed Under: Brands, Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Joe Roberts, Melrose PLC, Michael O'Neal, Nortek

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

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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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