Expansion Oct 2014 · USA
Nortek building owned distribution footprint to accelerate RHC growth
Nortek describes a strategy of expanding its Residential Heating and Cooling distribution footprint via company-owned distribution centers in regions with minimal penetration, alongside independent distributor partnerships.
“At the same time, to accelerate the segment’s growth, we are working to establish Nortek-owned distribution centers in areas where there are limited partnership opportunities or where the market is large enough to support an additional distribution presence.”
Entities
Nortek Inc. · Acquirer
HVAC Sentiment: Positive
Source: www.achrnews.com
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.