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You are here: Home / Archives for Nortek Security & Control

Nortek Security & Control

Major Credit Agencies Downgrade Outlook for GKN – Biggest Melrose Company

July 29, 2020 by Ted Leave a Comment

GKN Automotive division graphic

Future of Nortek a Question

Melrose plc, parent company to Nortek, Inc., has taken some serious incoming hits this month – hits from both major credit rating agencies Fitch Ratings and Moody’s Investors Service. And these hits hurt. Fitch was first when they announced a couple of weeks ago that in a review of GKN Holdings Limited – Melrose’s largest holding by far – it was maintaining its credit rating at current levels, but it was changing its future “Outlook” to “Negative.” Today, Moody’s announced they too were changing their outlook on GKN from “Ratings Under Review” to “Negative.”

See why credit pros are downgrading the mighty Melrose bet on GKN…

[Read more…] about Major Credit Agencies Downgrade Outlook for GKN – Biggest Melrose Company

Filed Under: Financial, Strategy Tagged With: Melrose, Melrose Industries, Melrose PLC, Nortek Inc., Nortek Security & Control

Sources: Nortek Security & Control Shutting Down Niles and Sunfire Brands

July 23, 2020 by Ted 8 Comments

An image of the website of Niles, a Nortek Security & Control brand

Multiple sources are confirming to Strata-gee that Nortek Security & Control (NSC or Nortek) is planning to shut down two of their brands – Sunfire and the once iconic Niles. The move is said to be the result of their relative under-performance as the company shifts its focus to the apparently more successful brands, such as Elan.

See more on the closing of Niles & Sunfire by Nortek

[Read more…] about Sources: Nortek Security & Control Shutting Down Niles and Sunfire Brands

Filed Under: Brands, News, Strategy Tagged With: Core Brands, Elan, Niles, Niles Audio, Nortek, Nortek Security & Control, SpeakerCraft, Sunfire

Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

January 22, 2020 by Ted Leave a Comment

Melrose logo

Melrose Industries plc, the British turnaround specialist who acquires underperforming companies to improve their operations and management for resale, is now actively considering selling off the bulk of Nortek in a deal that could be worth $3 billion, according to reports from Bloomberg News and the Financial Times. If they actually execute this sale, it will be a relatively early exit from their ownership of Nortek which they purchased in 2016 for $2.8 billion.

See why Melrose is ready to exit Nortek…

[Read more…] about Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: acquisition, divestiture, Johnson Controls, Melrose Industries, Melrose PLC, Nortek, Nortek Inc., Nortek Security & Control, United Technologies Corp.

Ex-Nortek Exec Speaks With Strata-gee, See What’s On His Mind

July 11, 2019 by Ted Leave a Comment

Photo of Joe Roberts from 2017 CEDIA Show
Joe Roberts, EVP of Products and Marketing, at 2017 CEDIA Show

The last ninety days or so have been somewhat turbulent at Nortek Security and Control (NSC), with two top executives departing under foggy circumstances. First, in May we learned that President Mike O’Neal had left the company. Then, last week, news emerged that Joe Roberts, Executive VP of Products and Marketing had also departed.

I reached out to Joe Roberts to try to find out what was up with all of these changes at NSC.

See what Roberts had to say about Nortek…

[Read more…] about Ex-Nortek Exec Speaks With Strata-gee, See What’s On His Mind

Filed Under: Brands, Manufacturers, News, People Tagged With: Joe Roberts, Melrose PLC, Nortek, Nortek Security & Control

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

December 31, 2018 by Ted 1 Comment

BREAKING NEWS

Nortek Security & Control logoOur 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 the terminations over the holidays only seems to add a sense of heartlessness to the action….a real-life ‘bah humbug’ that leaves the reps feeling cold.

See more on the New Year firing of all Nortek field sales reps… [Read more…] about Nortek to Reps: Happy New Year, You’re Fired

Filed Under: Brands, Management, Manufacturers, News, Sales Reps Tagged With: Core Brands, Melrose, Melrose Industries, Melrose PLC, Nortek, Nortek Inc., Nortek Security & Control, sales

Melrose Talks of Disposing of Nortek

October 5, 2018 by Ted Leave a Comment

Are Elan, Speakercraft, Niles, Proficient, etc. In Play Again?

Nortek LogoMelrose PLC, owner of Nortek, including Nortek Security & Control, is openly talking to U.K. media about the likelihood of selling off Nortek – saying, in essence, their work is done, the turnaround is complete. This being the case, their thinking is that it is time to harvest their crop by selling off the company to reap their reward of profits.

But what does this mean for Nortek and its stable of brands?… [Read more…] about Melrose Talks of Disposing of Nortek

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Furman, Gefen, Linear, Melrose, Melrose Industries, Melrose PLC, Niles, Nortek, Nortek Security & Control, Panamax, Proficient, SpeakerCraft, Sunfire, Xantech

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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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