Majority stake Closed Apr 2014
Nortek Completes Acquisition of Thomas & Betts' HVAC Business (Reznor)
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Summary
Nortek acquired the Reznor HVAC business from Thomas & Betts, with the deal closing on April 30, 2014. The acquisition contributed $23.8 million to net sales and $2.8 million to adjusted EBITDA during the second quarter of 2014.