Why Would United Technologies Want to Acquire Nortek?

The 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 … Continue reading

Nortek Management Scrambles in Wake of Troubling Q2 Results

Company Loses Almost 6% of Total Market Value in Just a Few Hours Nortek, Inc. released the results for its fiscal second quarter after the market’s close on Monday and took the unusual step of issuing optimistic performance guidance for … Continue reading

Nortek Releases Q3 Results; Has AV Turned a Corner?

Nortek, Inc., a diversified manufacturer of commercial and residential products largely targeted towards the new construction business, announced on Monday the financial results of the third quarter of their current fiscal year. Overall, the results were mostly positive, although two … Continue reading

Big Changes at Core Brands: Pollock Retires & Keller is Out

BREAKING NEWS We received word late today of big changes taking place at Core Brands as the company announced that President Bill Pollock will retire “after 27-years leading Panamax-Furman” and Core Brands. Pollock’s retirement becomes effective at the end of … Continue reading

OmniMount Continues to Expand Its Role as the Strong, Silent Type

In the days leading up to last month’s CEDIA Expo, we were persistently cajoled by certain OmniMount folks to visit the display mount manufacturer’s booth…and we’re glad we did. While integrators have an almost dizzying array of mount brands to … Continue reading

Wait Till You See What’s Coming, Core Brands VP Tells Us

Last week, Strata-gee was the first in the industry to report the financial second quarter results for Nortek, Inc. and while the overall news had many positive points – the results for the now-separately reported AV group was quite negative, … Continue reading

Core Brands Completes Downsizing of National Sales Force

BREAKING NEWS Strata-gee.com heard this week from multiple sources that Core Brands had completed the analysis phase of its sales force consolidation, and was now executing the termination of the losing reps – and the reassigning of brands to the … Continue reading