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You are here: Home / Archives for Nortek

Nortek

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

Melrose Suspends Dividends, Cuts Executive Pay

April 9, 2020 by Ted Leave a Comment

Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19

Melrose logo

Melrose Industries PLC has announced it will suspend the payment of its usual year-end dividend in the face of the deteriorating economic environment as a result of the global spread of Coronavirus (COVID-19). Melrose, the U.K. turnaround specialist that is parent company of the U.S. based Nortek has taken other actions to adjust operations at its operating companies in the face of COVID-19.

Learn more about Melrose’s actions to adjust to COVID-19…

[Read more…] about Melrose Suspends Dividends, Cuts Executive Pay

Filed Under: Financial, Manufacturers, News, Strategy Tagged With: 2GIG, Elan, Furman, GKN, GoControl, Linear, Melrose, Melrose Industries, Melrose Industries PLC, Melrose PLC, Niles, Nortek, Panamax, SpeakerCraft, Sunfire, Xantech

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.

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

October 18, 2019 by Ted Leave a Comment

Melrose logo

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 (thanks to a large acquisition) the company still booked a net loss.

Perhaps more interesting, was that Nortek’s Security & Smart Technology unit figured quite prominently in the document – often for the wrong reasons.

See why Nortek was so prominent…

[Read more…] about Nortek Figures Prominently, If Not Always Positively, in Melrose Industries’ 1st Half Fiscal Results

Filed Under: Financial, Management, Manufacturers, News, Strategy Tagged With: Melrose, Melrose Industries, Melrose Industries PLC, Melrose PLC, Nortek, Nortek Inc.

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

Ted Green Featured as Guest Panelist on ResiWeek

February 14, 2019 by Ted Leave a Comment

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 on its weekly podcast. This episode #158 featured several top stories pulled from the industry news of the day.

See what topics Ted discussed on ResiWeek…

[Read more…] about Ted Green Featured as Guest Panelist on ResiWeek

Filed Under: Media, News, People, Shows & Events Tagged With: Crestron, Nortek, ResiWeek, Ted Green

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

Elan Reveals Opening of First Training Center in Dallas

November 9, 2017 by Ted Leave a Comment

Elan logoElan 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 United States.

See more on this new initiative from Elan… [Read more…] about Elan Reveals Opening of First Training Center in Dallas

Filed Under: Manufacturers, Training Tagged With: Core Brands, Elan, Joe Lautner, Nortek, Nortek Inc.

Nortek Parent Melrose Reports Higher Margins & Sales

March 8, 2017 by Ted Leave a Comment

Melrose logoMelrose 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 that, but thanks to adding Nortek to its stable of investments, Melrose has seen its revenues triple – driving its stock to a record high.

See more on what Melrose had to say about Nortek… [Read more…] about Nortek Parent Melrose Reports Higher Margins & Sales

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Core Brands, Elan, Melrose Industries PLC, Niles Audio, Nortek, SpeakerCraft, 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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