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Slide #2. Nortek, Inc. — Thomas & Betts' HVAC Business
Nortek, Inc. (NTK)
Thomas & Betts' HVAC Business
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.
Open the NTK Page at The Online Investor »
Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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