Nortek Acquires ABB's HVAC Division for $260M

Nortek, Inc. acquired the HVAC Division from ABB Ltd on April 30, 2014, for approximately $260 million on a cash and debt-free basis. The HVAC Division designs, manufactures, and markets heating, ventilation, and air conditioning products under the Reznor and AmbiRad brands.

“On April 30, 2014, Nortek, Inc. (Nortek) acquired the Business from ABB for approximately $260 million on a cash and debt-free basis.”

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