Deal announced Apr 2006 · Portland, Oregon Verified
Nortek Acquires Huntair and Cleanpak to Expand Commercial HVAC Business
Nortek, Inc. announced that two newly formed subsidiaries of its CES Group, Inc. subsidiary have acquired all assets of Huntair, Inc. and Cleanpak International, LLC. The acquisition expands Nortek's presence in the custom-designed commercial and cleanroom HVAC equipment markets.
“Nortek, Inc. (“Nortek”), a leading international designer, manufacturer and distributor of high-quality branded products for ventilation, HVAC and residential comfort, convenience and entertainment, in a move to expand its commercial HVAC business, today announced that two newly formed subsidiaries of its CES Group, Inc. subsidiary have acquired all of the assets of Huntair, Inc. (“Huntair”) and Cleanpak International, LLC (“Cleanpak”), both located outside of Portland, Oregon.”
Entities
CES Group, Inc. · Parent Cleanpak International, LLC · Target Huntair, Inc. · Target NTK Holdings, Inc. · Parent Nortek Holdings, Inc. · Parent Nortek, Inc. · Acquirer
HVAC Sentiment: Positive
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.