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Electronics Stores M&A image Electronics Stores M&A » By The Online Investor Staff, updated Wed., Aug. 4, 2:43 PM Recent mergers and acquisitions in the Electronics Stores M&A category.

Slide #2. Nortek, Inc. Thomas & Betts' HVAC Business

Acquirer: Nortek, Inc. (NTK)
Acquiree: Thomas & Betts' HVAC Business
Details: Nortek, Inc. (Nasdaq: NTK), a global diversified company with leading brands and innovative air management and technology-driven products and solutions for residential and commercial applications, today announced the closing of its previously disclosed acquisition of the heating, ventilation and air conditioning (HVAC) business of Thomas & Betts Corporation, which is a wholly owned subsidiary of ABB Ltd (VTX: ABBN), a global power and automation company.

Nortek manufactures and sells, primarily in the U.S., Canada and Europe, with additional manufacturing in China and Mexico, a range of products for the remodeling and replacement markets, the residential and commercial new construction markets, and the personal and enterprise computer markets. Co.'s reporting segments are as follows: the Air Quality and Home Solutions (AQH) segment; the Security and Control Solutions (SCS) segment; the Ergonomic and Productivity Solutions (ERG) segment; the Residential and Commercial HVAC (RCH) segment; and the Custom and Commercial Air Solutions (CAS) segment.

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Company Name: 
Nortek Inc
Website: 
www.nortekinc.com
Sector: 
Electronics Stores
 

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Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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