Consolidation of Nortek companies stimulates product innovations across consumer and A/V pro markets as well as creating business efficiencies
St. Paul, MN, January 10, 2012
Nortek, Inc. (NASDAQ: NTK) has formally completed the consolidation of its subsidiaries, Ergotron, Inc. ("Ergotron") and OmniMount Systems, Inc., by officially merging the OmniMount legal entity into Ergotron. The merger of these two brands positions Ergotron as the leading supplier of display and entertainment mounting solutions for both the consumer and A/V pro markets. The OmniMount products will remain the consumer brand within Ergotron’s product offerings.
Under the umbrella of one company, the Ergotron and OmniMount brands are uniquely positioned to provide the global community with innovative solutions designed to facilitate healthier and more interactive engagement for display and entertainment systems worldwide. Building on a shared history of excellence in customer service and product innovation, the unification will expand on the strengths of each company. With distinct channels to market, the consolidation of product development, customer service, manufacturing, operations and marketing will enable the company to drive innovation as well as business efficiencies.
“Ergotron has risen through the ranks to become the top display mount manufacturer for commercial IT and healthcare markets, and our growth continues aggressively,” said Joel Hazzard, president and CEO of Ergotron. “Together, Ergotron and OmniMount provide powerhouse solutions addressing customers’ unmet needs. We’re very excited about empowering the OmniMount brand’s growth in the years to come.”
Integrating the engineering and product development teams from both brands will ensure next generation solutions interface with emerging technologies to create the healthiest and most engaging experiences for users. The first OmniMount products incorporating Ergotron’s Constant Force technology will be on display January 10-13 at CES 2012, booth 21166, and will ship soon after.
“The residential market presents challenges and we’re aware of the struggles that buyers and integrators are facing,” said Geoff Miller, president of OmniMount. “Our access to Ergotron’s exclusive technologies will revolutionize residential home entertainment with new applications and new ways for our partners to be profitable. Joining forces with Ergotron provides us with exciting growth opportunities to help our reseller, dealer and retail partners meet their customers’ needs.”
