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Nortek Inc. (NTK)

  • Mar. 21, 2014, 10:07 AM
    • Nortek Inc. (NTK +4.4%) agrees to buy the HVAC business of Thomas & Betts for about $260M in cash. The deal is expected to close in Q2.
    • Nortek CEO Mike Clarke: "Acquiring this business will enable us to extend our air management business into attractive adjacent segments of the HVAC market in the United States and Europe."
    • Press release
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Company Description
Nortek Inc offers technology-driven products and solutions for lifestyle improvement at home and at work. Through its segments it manufactures and sells in the United States, Canada, and Europe.