Nortek Completes Acquisition of Thomas & Betts' HVAC Business

Nortek, Inc. announced the closing of its acquisition of the HVAC business of Thomas & Betts Corporation, a subsidiary of ABB Ltd, for approximately $260 million. The acquired business includes brands like Reznor and AmbiRad and operates primarily in North America and Europe.

“Nortek, Inc. (Nasdaq: NTK), a global diversified company with leading brands and innovative air management and technology-driven products and solutions for residential and commercial applications, today announced the closing of its previously disclosed acquisition of the heating, ventilation and air conditioning (HVAC) business of Thomas & Betts Corporation, which is a wholly owned subsidiary of ABB Ltd (VTX: ABBN), a global power and automation company.”

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