Majority stake Announced Mar 2014 · Closed Apr 2014 Verified
Nortek Completes Acquisition of Thomas & Betts' HVAC Business
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Nortek, Inc. announced the closing of its acquisition of the HVAC business of Thomas & Betts Corporation, a subsidiary of ABB Ltd, for approximately $260 million. The acquired business includes brands like Reznor and AmbiRad and operates primarily in North America and Europe.