Nortek Global has announced that the Eaton Williams business it acquired last year will close for good on November 30, following disappointing profitability. The company closed its doors and ceased production on September 30 and all employees will leave the business on November 30.
Chinese a/c manufacturer Midea has become the latest to target Europe, by taking an 80 percent stake in Italian firm Clivet. The current shareholders of Clivet, the Bellò family, will retain a 20 percent stake.
Lux Products Corp. has announced that its president, Rob Munin, will now add chief executive officer to his title. In addition, Gary Hsieh adds business development to his role as the director of product and business development for Lux.