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You are here: Home / Archives for Nortek Controk

Nortek Controk

Melrose Unloads Nortek Control for Just $285 Million

September 7, 2021 by Ted 10 Comments

Photo of Nortek facility, now part of Melrose

Only Ergotron Remains…for Now…from the Original Acquisition

Melrose PLC, the private equity turnaround expert that purchased the entirety of Nortek back in 2016, unceremoniously let it slip in a bullet point of a report on financial results, that it has found a buyer for the last remaining piece of the Nortek puzzle they have struggled to turn around over the years. Although they did not name the buyer, Melrose says a contract has been signed for a $285 million deal – remarkably low considering all the brands included in this transaction.

See more on the sale of Nortek Control by Melrose

[Read more…] about Melrose Unloads Nortek Control for Just $285 Million

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: Melrose Industries, Melrose PLC, Nortek, Nortek Air Management, Nortek Controk

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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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