LONDON, UK: Melrose Industries Plc has entered into an agreement to sell its Ergotron business, to funds managed by The Sterling Group for total consideration of approximately $650 million, payable in cash on completion. Ergotron is a leading designer, manufacturer and distributor of ergonomic products for use in a variety of working, learning and healthcare…
All posts tagged Melrose Industries
Melrose Industries to sell its Nortek Air Management to Madison Industries for £2.62 billion
LONDON: Melrose Industries PLC has entered into an agreement to sell its Nortek Air Management business to Chicago-based Madison Industries for consideration of approximately £2.62 billion payable in cash on completion. Nortek Air Management business comprises Nortek Global HVAC (“GHVAC”) and Air Quality & Home Solutions (“AQH”) segments. Key highlights of the Disposal: · Cash…