Matt Lattanzi Nortek/Tech Service Update
Nortek Update(name change) NORDYNE and NORDYNE International are now Nortek Global HVAC Why? Nortek has become a much more integrated company Better market recognition Opportunities to collaborate and cross sell Easier creation of internal efficiencies Stronger negotiating power with suppliers Impact on customers Business as usual Customer agreements are unaffected New name and logo on our business documents New email addresses
Nortek Business Overview Nortek History Nortek Business Overview NGH 1919 Broan 1932 Mammoth NuTone Governair 1936-37 Nortek 1967 Ergotron 1982 Huntair 1993 Ventrol 1998 2GIG 2007 Nortek was established in 1967 and is headquartered in Providence, RI. Today, Nortek has 25+ operating companies, 50+ locations From cleaner air to clearer sound systems, Nortek brands deliver a wide, diverse range of innovative lifestyle improvements for home and at work Nortek operates through facilities across North America, Latin America, Europe, and Asia, with 10,000 employees Traded on Nasdaq, under ticker, NTK
Nortek Structure 5 Segments 5 Primary Markets Air Quality & Home Solutions Security, AV & Control Ergonomic & Productivity Solutions Residential & Commercial HVAC Custom & Commercial Air Solutions 5 Segments Residential Education Healthcare Commercial Data Centers 5 Primary Markets We have 5 different business segments and many of them serve in one of more of the following markets: Residential Education Healthcare Commercial Data Centers Air Management Segments in Highlighted in Gray
Overview & History 68% of Nortek’s Revenue in 2013 Nortek Air Management Segments 68% of Nortek’s Revenue in 2013 Was Generated by Nortek’s “Air Management” Businesses Air Management Brands Other Nortek Segment Brands
Nortek Global HVAC Sales By Product Type Overview & History Nortek Global HVAC Nortek Global HVAC, formerly NORDYNE was founded in 1919 as International Oil Heating Company Purchased by Nortek in 1985 Has 1,700 employees with operations in the U.S., U.K., France, Belgium and Mexico. Sales offices in Canada, Miami, Puerto Rico, Mexico, Brazil, Argentina and Australia. And, a design center in Shanghai Headquartered in O’Fallon, MO Manufactures residential and light commercial HVAC products Residential & Commercial HVAC Nortek Global HVAC Sales By Product Type Nortek’s “air management” businesses constitute 68% of Nortek’s total sales in 2013. Pictured are some of Nordyne’s products. Our sales are comprised of 53% air conditioning and heat pump products, 20% heating, 16% coils and 11% parts and accessories. 41% 8% 30% 12% 6% 7%
4/24/2017 6:37 AM Facilities
4/24/2017 6:37 AM Facilities
Warranty/Tech Service Update Effective 1/13/2015, April Douglas was promoted to Warranty Manager. After 44 years of service, Keith Skipper has retired! Doug Priestley is our new Technical Services Manager Matt Lattanzi is no longer responsible for product management David Street: Vice President of Product Management Tim Alford: Product Manager Split Systems, Air Handlers and Coils John Remley: Product Manager Package Equipment and Furnaces Dave Garvin: Product Manager Light Commercial John Pas: Product Manager Unit Heaters John McKissack: Product Manager Engineered Systems
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