Nortek Completes Acquisition of Ergotron

Nortek, Inc. completed its previously announced acquisition of Ergotron, Inc., a privately held ergonomic mounting and mobility products company, for approximately $280 million on a cash and debt-free basis. The acquisition aims to enhance Nortek's business portfolio.

“Nortek, Inc. (“Nortek”) (OTC QB: NTKS), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, announced today it has completed the previously announced acquisition of Ergotron, Inc. (“Ergotron”), a privately held company based in St. Paul, Minnesota, for an aggregate consideration of approximately $280 million on a cash and debt free basis.”

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