Purchase price represents a premium of approximately 38 percent to Nortek’s closing price on July 5
July 7, 2016
Nortek Inc., a global diversified company whose offerings include heating and cooling products, ventilation products, and more, announced that it has signed an agreement and plan of merger with Melrose Industries PLC, a UK listed public company, to be acquired by Melrose for $86 per share in cash.
Company designs, manufactures, and sells ventilation systems for the commercial cooking industry
April 21, 2016
Weinberg Capital Group (WCG) announced the recapitalization of Elyria, Ohio-based exhaust hood manufacturer HoodMart Inc. It was led by a group of private investors managed by WCG. HoodMart founder and chairman, Daniel B. Reaser Sr., will remain a shareholder and serve on the company’s board of directors.
Centers Will Provide New R&D Facility and New Educational Training Site
June 30, 2014
Greenheck has announced that it will be building two new facilities on its Schofield, Wisconsin, campus, the Robert C. Greenheck Innovation Center and the Bernard A. Greenheck Education Center, to honor its founders.
Acquisition Adds a Broad Range of Air Distribution Products to Johnson Controls Portfolio
April 17, 2014
Johnson Controls announced that it has reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business, one of the largest providers of air distribution and ventilation products in North America, for approximately $1.6 billion.
Mobile Site Puts Installation and Service Help at Contractors’ Fingertips 24/7
September 2, 2013
Tjernlund Products has announced a new smartphone optimized site for instant on-the-job wiring and troubleshooting help. The company’s product nameplates now feature a QR code that will directly link to the site or it can be accessed in a mobile browser at m.tjernlund.com.
Greenheck, Schofield, Wis., was selected as the 2012 Wisconsin Manufacturer of the Year in Milwaukee on Thursday, Feb. 28, by an independent panel of judges representing industry, education, and the public sector.
American ALDES Ventilation Corp. is featuring its Zone Register Terminal ZRT-2, which received a 2013 AHR Expo Innovation Award in the Ventilation category. The patented ZRT-2 regulates each zone in a central exhaust and supply ventilation system without the need for individual fans or controls, the company says.
The gold, silver, and bronze winners of The NEWS' ninth annual Dealer Design awards in the Ventilation Product category not only help the air to circulate in a building, but also help HVAC contractors install and service them better and easier.