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Nortek acquired

July 6, 2016Paul Ragusa

Melrose Industries Plc, a UK-based investment firm with a penchant for quick turnarounds, announced today that is has acquired Nortek, Inc., a global company with brands including 2GIG, NuTone and Elan. What this means for Nortek Security & Control, which specializes in residential security and home automation products and services, is still unclear. As I wait to hear back from both Nortek and Melrose for more on the particulars of this deal, the big question is: What kind of impact will this have...

Melrose, Nortek