Panel Talks About Control4/NEEO Acquisition, Death of Crestron Pyng & Elan Touchpanels ResiWeek, the podcast from AVNation.tv that is focused on the residential integration industry segment, has once again invited Strata-gee editor Ted Green to participate as a guest panelist … Continue reading
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
Are Elan, Speakercraft, Niles, Proficient, etc. In Play Again? Melrose 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, … Continue reading
Elan revealed Wednesday that it has opened a training facility in Dallas, TX as of January of this year. The company says the facility is operating at 95% capacity and has already trained more than 200 dealers from around the … Continue reading
Melrose Industries PLC, an engineering turnaround company that recently acquired Nortek, Inc. (parent company of Core Brands) announced last week that it sees margins improving at Nortek already, even though it only acquired the company just last year. Not only … Continue reading
In 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 … Continue reading
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
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
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
AVC Generates an Operating Loss on a 17.8% Decline in Sales Nortek, Inc. (Nortek) released their results for the 2016 fiscal first quarter and generally showed broad improvement,with sales gains and profit improvements in most of their segments. But not … Continue reading