March 24, 2014: Nortek to Acquire Thomas & Betts' HVAC Business
Nortek Will Pay Approximately $260 Million in an All-Cash Transaction
PROVIDENCE, R.I. — Nortek Inc., a global diversified manufacturer of heating and cooling products, ventilation products, and more, announced that it has signed a definitive agreement to acquire the HVAC business of Thomas & Betts Corp., a wholly owned subsidiary of ABB.
Nortek’s HVAC brands include Nordyne, Broan-NuTone, Venmar, Governair, Huntair, Mammoth, and more.