Melrose Industries PLC to Acquire Nortek, Inc. for $86 per Share in Cash

 

PROVIDENCE, RI--(Jul 6, 2016) - Nortek, Inc. (NASDAQ: NTK) ("Nortek" or the "Company"), a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, today announced that it has signed an agreement and plan of merger (the "Merger Agreement") with Melrose Industries PLC ("Melrose"), a UK listed public company and Nevada Corp., a newly created wholly owned subsidiary of Melrose, to be acquired by Melrose for $86.00 per share in cash (the "Purchase Price") -- an estimated total enterprise value of approximately $2.8 billion. The Purchase Price represents a premium of approximately 38% to Nortek's closing price on July 5, 2016, and a premium of approximately 80.4% to the volume weighted average price over the prior six month period. 

CALGARY, ALBERTA--(Jun 27, 2016) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or the "Company" or "CEMATRIX") is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has entered into a Joint Marketing Agreement ("the Agreement") with Lafarge Canada, Inc. ("Lafarge"), a member of LafargeHolcim.

 

The five-year Agreement is for the joint development of cellular concrete markets throughout Canada to increase awareness of the construction challenges which can be solved by cellular concrete solutions, and thereby drive sales.

 

"This is a monumental step forward for CEMATRIX," stated Mr. Kendrick, President and CEO of CEMATRIX. "Cellular concrete is an emerging construction solution that uses significant quantities of cement in its manufacture, so the two companies have the opportunity to build on one another's expertise."

CENTRAL ISLIP, N.Y.--- CVD Equipment Corporation (NASDAQ: CVV), a leading provider of standard and custom chemical vapor deposition systems, today announced that it has received an order for approximately $30 million from a major aviation component supplier to build fiber coating systems for their new high volume facility. An initial CVD system was previously delivered to this customer in late 2015 and has since undergone testing and successful production at the customer’s facility. Additionally, CVD has multiple smaller production quantity systems currently operating at their existing facility with additional systems about to come online.

 

“Being selected to provide fiber coating equipment for this customer’s new high volume facility is a testament to our differentiated technology, and confirms CVD’s leading position as a key supplier of next generation technology for the aerospace industry,” said Leonard A. Rosenbaum, President and Chief Executive Officer.

Expanded relationship will create new product and market opportunities supported by long-term financing structure

 

- Supply agreement for Aspen Aerogel's Spaceloft® A2 insulation product initially targeting the global building materials market

- Partnership supports capacity expansion at Aspen Aerogels' planned Statesboro, GA manufacturing plant

- Joint development agreement for next generation aerogel products to accelerate market expansion

 

LUDWIGSHAFEN, Germany and NORTHBOROUGH, Mass., June 22, 2016 -- BASF SE ("BASF") and Aspen Aerogels, Inc. ("Aspen") (ASPN) announced today the expansion of their strategic partnership with the signing of an exclusive supply agreement and a joint development agreement. The agreements are designed to increase market penetration, enhance product profitability and facilitate the development of next generation materials.