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You are here: Home / Archives for Panamax

Panamax

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

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

Nortek Calls Off Discussions with United Technologies

October 9, 2015 by Ted Leave a Comment

Nortek LogoNortek, Inc. announced late Thursday that it has called off talks with an unnamed party who had tendered an unsolicited offer. According to the Wall Street Journal and as we had previously reported, that suitor was United Technologies. Nortek stock closed Friday at $63.97/share or off 3.8%,  on a day when the Dow was up .2%.

See more on this announcement from Nortek… [Read more…] about Nortek Calls Off Discussions with United Technologies

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Inc., Michael J. Clarke, Niles, Nortek, Panamax, SpeakerCraft, United Technologies, Xantech

Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’

September 3, 2015 by Ted Leave a Comment

Nortek LogoAfter the Wall Street Journal revealed late last month that United Technologies Corp. (UTC) was in talks to potentially acquire Nortek, Inc., we questioned why UTC would even want to acquire Nortek. Within days of our post, investment advisory firm The Motley Fool (TMF) also raised the issue in a post last week about this not-quite-so-obvious marriage. Well, maybe it’s more like a dalliance than a marriage…at least at this point.

We found the Motley Fool’s analysis interesting – both in their clear-eyed assessment of Nortek and why the acquisition may in fact make sense for United Technologies.

See more on this Motley Fool discussion of the potential UTC-Nortek deal… [Read more…] about Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Gregory Hayes, Niles, Nortek, Nortek Inc., Panamax, SpeakerCraft, United Technologies Corp., Xantech

Azione Unlimited Adds Select Core Brands Lines

August 12, 2015 by Ted Leave a Comment

Azione logo

Azione Unlimited, a national buying group of specialty retailers and integrators, said today it has added several lines of products from the Core Brands’ stable of brands to its mix. The Core Brands lines added include BlueBOLT, Furman, Panamax, and Xantech.

See more on this newly expanded Azione assortment… [Read more…] about Azione Unlimited Adds Select Core Brands Lines

Filed Under: Associations, Brands, News Tagged With: Azione Unlimited, BlueBOLT, Core Brands, Furman, Jeff Costello, Panamax, Richard Glikes, Xantech

Nortek Management Scrambles in Wake of Troubling Q2 Results

August 6, 2015 by Ted Leave a Comment

Company Loses Almost 6% of Total Market Value in Just a Few Hours

Nortek 2015 Q2 PresentationNortek, 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 the remainder of the year. The company does not typically release future performance guidance as a matter of policy, but did so in an apparent attempt to calm investor reaction to their troubling report. It didn’t work – investors reacted strongly on Tuesday by driving Nortek’s stock to a close of $75.23 per share, down sharply from the previous close of $79.88. In just a matter of hours, the total market value of Nortek collapsed almost 6%.

Why did investors react so strongly?… [Read more…] about Nortek Management Scrambles in Wake of Troubling Q2 Results

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: AVC, BlueBOLT, Core Brands, Elan, Furman, KORUS, Niles, Nortek, Nortek Inc., Panamax, Proficient, SpeakerCraft, Xantech

Hot Time in the City, It’s CE Week Again

June 25, 2015 by Ted Leave a Comment

CE Week logoNew York City in June sees temperatures rise in response to the onset of summer and also, hopefully, in response to the launch of the hottest new technologies being shown at CE Week at the Metropolitan Pavilion and Altman Building exposition spaces in Manhattan. We awaited this year’s edition with great anticipation as it occurs in the wake of a major change in the show’s backers – and is the follow-up to the surprisingly meaningful show last year.

What were the changes, and how did the show go? You’ll have to read on… [Read more…] about Hot Time in the City, It’s CE Week Again

Filed Under: Industry Trends, Marketing, News, Shows & Events, Tech Trends Tagged With: Atmos, Auro 3D, CE Week, CEA, DEG, Dolby, Epson, HEOS by Denon, House of Marley, Kimber Cable, LG, Monster, NAPCO, Noel Lee, Onkyo, Panamax, Panasonic, Pioneer, Ray Kimber, Samsung, Sony

Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

July 2, 2014 by Ted Leave a Comment

Nortek's Core Brands LogoCore Brands, LLC, a division of Nortek, Inc., announced Tuesday that Atlantic Integrated, a Rockleigh, NJ-based sales representative company, has been awarded most of its brands for representation in the New York Metropolitan region and Fairfield County, CT. This appointment is effective immediately and represents a realignment of the brands under one rep firm.

See more on this major announcement for the NY metro market… [Read more…] about Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

Filed Under: Brands, Manufacturers, Marketing, News, Pivot Point, Sales, Sales Reps, Strategy Tagged With: Atlantic Integrated, Aton, BlueBOLT, Core Brands, Dave Humphries, Dave Keller, Elan, Furman, Niles, Panamax, Savant Systems, SpeakerCraft, Sunfire, Xantech

New Marketing VP for Core Brands Zeros in on a Key Problem

February 12, 2014 by Ted Leave a Comment

Photo of Joe Roberts of Core Brands

Core Brands continues to rejigger its team as we mentioned in our Breaking News SYNCH earlier this week. And one major step in this process took place in September 2013 when Core Brands surprised many by announcing the appointment of Joe Roberts as its new head of marketing, replacing Paul Starkey. Two weeks later, Roberts headed to his first CEDIA ready to jump in feet first and reassure dealers of the company’s direction…and learn all about any concerns that they felt the company needed to address.

Boy…did he get an earful… [Read more…] about New Marketing VP for Core Brands Zeros in on a Key Problem

Filed Under: Brands, Manufacturers, News, Pivot Point, Strategy Tagged With: Aton, AVC Group, Bill Pollock, BlueBOLT, CEDIA, Core Brands, Elan, Furman, Joe Roberts, Niles, Nortek, Panamax, Paul Starkey, Proficient, SpeakerCraft, Sunfire, Xantech

Core Brands to Significantly Downsize Their Sales Rep Network

April 22, 2013 by Ted 2 Comments

BREAKING NEWS *EXCLUSIVE*

Nortek's Core Brands LogoJust three weeks ago, we had the opportunity to speak with Core Brands Senior Vice President of Marketing Paul Starkey, who confirmed information we had received from multiple sources about an impending announcement of significant changes in the way the company planned to go to market. Starkey confirmed much of the information we had uncovered, especially changes to systems and processes.

But regarding one major initiative we asked Starkey about – that of an extensive restructuring of its sales representative network – he was not able to confirm…at that time.

But that changed last Friday when the company told reps of a major sales force restructuring… [Read more…] about Core Brands to Significantly Downsize Their Sales Rep Network

Filed Under: Brands, Industry Trends, Management, Manufacturers, News, Pivot Point, Sales Reps, Strategy Tagged With: Aton, BlueBOLT, Core Brands, Elan, Furman, Niles, Nortek, Panamax, Paul Starkey, Proficient, SpeakerCraft, Sunfire, Xantech

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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