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

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 … Continue reading

Nortek to Reps: Happy New Year, You’re Fired

BREAKING NEWS Our phones and email lit up over the last few days as word spread that Nortek Security and Control has fired all of the remaining Core Brands reps in the U.S., according to multiple sources. The timing of … Continue reading

Look Out Nortek, Here Come the Lawyers

Acquirer Melrose Offers a Peek at Its Plans The 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 … Continue reading

Nortek Sold to British Investment Company

BREAKING NEWS The 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 … Continue reading

Department of Justice Says It Will Not Charge Nortek in Bribery Scandal

SEC Forces Nortek to Forfeit Profits Resulting from the Bribe The Department of Justice (D.O.J.) has notified Nortek, Inc. that it has closed its investigation into a corporate bribery scandal involving the company’s operations in China and will take no … Continue reading

Nortek Fiscal 2015 Q4 & Full Year Results are Mixed; AVC is Still Sliding

Nortek, Inc., a diversified manufacturer that through its Core Brands division markets several brands in the custom integration channel, released this week its fiscal 2015 fourth quarter and full year results. Overall, the results were mixed, as the company continues … Continue reading

Dominique Rejoins Core Brands as National Sales Manager

Who says you can’t go home again? Core Brands announced this week that Jason Dominique has rejoined the company to take the role of National Sales Manager of the Security Channel. Dominique previously worked for Core Brands’ Proficient line from … Continue reading

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

After 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 … Continue reading