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

SpeakerCraft’s Remarkable AIM LCR5 FIVE Series 2 Speakers Now Ready

We first reported on the new SpeakerCraft Dolby Atmos enabled AIM speakers at the 2015 CEDIA show (then called the Expo). A clever way to extend their line and tap into the enthusiasm many have to advanced surround sound systems … Continue reading

Nortek Sold to British Investment Company

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

Nortek Fiscal 2016 Q1 Results Improve, Except for AV

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

Conflicts Force Aim High Audio to Split Rep & Distribution Businesses

Aim High Audio Sales & Marketing and AHA Distributing are separating, the company announced on Tuesday of this week. A prepared announcement from president and founder Chris Gilray, noted that the separation will allow each company to focus on its dramatic … Continue reading

CEDIA Starts with Some Interesting Stuff

We found some interesting stuff here at the start (and from the days leading up to the start) of CEDIA’s 2015 Expo. There was a lot to sift through, but what follows are some of the more interesting products and technologies we … Continue reading

Nortek Calls Off Discussions with United Technologies

Nortek, 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 … Continue reading

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

After 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 … Continue reading

Nortek Management Scrambles in Wake of Troubling Q2 Results

Company Loses Almost 6% of Total Market Value in Just a Few Hours Nortek, 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 … Continue reading

Soundcast Acquired by Private Equity Company

Soundcast, a marketer of primarily wireless outdoor speaker products, announced on Tuesday that it has been acquired by Hancock Park Associates, a private equity company out of Los Angeles, with offices in Houston and Denver. The announcement says that the … Continue reading