Melrose Suspends Dividends, Cuts Executive Pay

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

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

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 … Continue reading

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

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

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 … Continue reading

Ted Green Featured as Guest Panelist on ResiWeek

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

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

Melrose Talks of Disposing of Nortek

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

Nortek Parent Melrose Reports Higher Margins & Sales

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

Core Brands Moved Under Control of Nortek’s SCS Group

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