Nortek Air Solutions Announces Price Increase to All Products
Price increase will be 3-9%
ST. LOUIS — Nortek Air Solutions (NAS) announced a 3-9% increase on all of its products, effective Jan. 1, 2021.
The increase reflects recent rises in labor rates, third-party component vendor prices, and a cost escalation on steel, copper, aluminum, and other commodities. Depending on the customization, some product pricing may surpass 9% due to material choice, components, options, and labor content, according to Joe Naccarello, group vice president – Sales and Customer Operations, NAS.