Add-on acquisition Aug 2011 Verified
Nortek Acquisitions Contribute to Sales Growth
Nortek's net sales increased 11% in Q2 2011, with acquisitions contributing approximately $59.4 million. For the first half of 2011, acquisitions contributed $110.5 million to net sales. The recent acquisition of Ergotron is specifically mentioned as performing well.
“Acquisitions contributed approximately $59.4 million to the increase in net sales.”
Entities
Ergotron · Target Nortek, Inc. · Acquirer
HVACOther Sentiment: Positive
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