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Custom Installers' Lounge Forum - View Post
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The following page was printed from RemoteCentral.com:
| Topic: | Nortek to aquire Niles This thread has 6 replies. Displaying all posts. |
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| Post 1 made on Friday July 15, 2005 at 16:15 |
Fred Harding Super Member |
Joined:
Posts: | October 2001
3,461 |
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Nortek will be aquiring Niles Audio
Nortek, parent to Xantech, Speakercraft, Elan, Panamax among others, is aquiring Niles Audio.
Note to Nortek: I am available. Asking price is $50 million. Contact my lawyer, please.
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On the West Coast of Wisconsin |
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| Post 2 made on Friday July 15, 2005 at 17:10 |
PennyG Long Time Member |
Joined:
Posts: | March 2004
231 |
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It almost feels like we are playing monopoly. Let's see who can acquire all the railroads.
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| Post 3 made on Friday July 15, 2005 at 17:19 |
ddarche Mr. RemoteQuest |
Joined:
Posts: | February 2002
2,309 |
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LMAO Fred!
Man - this is getting difficult to keep the players straight! Who has the current line card master database? LOL
Dave
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Dave D'Arche http://RemoteQuest.comFine Home Theater Remote Controls & Solutions - Programming services for most remotes |
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| Post 4 made on Friday July 15, 2005 at 17:44 |
2nd rick Super Member |
Joined:
Posts: | August 2002
4,521 |
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So Sonance and Russound are the only ones of the original big five to still remain independant...
The other three (Elan, Speakercraft, and now Niles) are all under the Nortek umbrella alongside Xantech, Panamax, Channel Plus, Open House, Linear, M&S, Broan-Nutone, & Omni Mount.
It reads like 90% of the who's who in custom installation from about 5 years ago (who probably equalled about 90% of the market share in their respective categories back then, too)...
If it weren't for the new manufacturers popping up every year, this could become pretty damn close to a real monopoly!!
When are we going to hear about Ingram/AVAD buying Nortek??
That would create an even larger evil empire than Honeywell/ADI!!
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Rick Murphy
Troy, MI |
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| Post 5 made on Saturday July 16, 2005 at 00:10 |
AHEM Select Member |
Joined:
Posts: | January 2004
1,837 |
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Sigh.........
More bad news for the overall state of the industry.
Then again, we go through these things every once in a while. Remember when Jensen was buying everything in site? Ditto Harman, Directed Electronics and Klipsch. Say how's that Zon deal working out anyway? Has Crutchfield made it a household name yet?
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| Post 6 made on Saturday July 16, 2005 at 02:32 |
2nd rick Super Member |
Joined:
Posts: | August 2002
4,521 |
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I will agree that DEI ruined car audio... actually ADST ruined car audio, and then DEI bought their assets when they were worth about a buck-o-nine.
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Rick Murphy
Troy, MI |
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| Post 7 made on Saturday July 16, 2005 at 10:39 |
Trunk-Slammer -Supreme Loyal Member |
Joined:
Posts: | November 2003
7,462 |
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On 07/16/05 00:10 ET, AHEM said...
Say how's that Zon deal working out anyway? Has Crutchfield made it a household name
yet? Zon? Crutchfield? That really is too funny...
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