Security equipment supplier Linear LLC, through its parent company Nortek Inc., says it has formed a company to acquire the assets of Niles Audio Corp. (“Niles”), a supplier of speakers and audio and video distribution products to the custom home installation market. This acquisition expands Nortek and Linear’s home technology product offering.
Niles is a privately held firm located in Miami, Fla. Terms of the acquisition were not disclosed.
“One of our major business strategies is to acquire growing businesses that complement our existing wide range of products for the home,” said Richard L. Bready, Nortek CEO. “The acquisition of Niles adds another leading brand name, new product and additional distribution that complements Nortek’s existing home-technology businesses that manufacture and sell products to distribute audio and video in residences.”
Niles, founded in 1978, has a product offering of more than 500 products covering every aspect of whole-house audio distribution and the integration of audio/video systems, including speakers, receivers, amplifiers, controls and accessories. Niles product lines and dealer networks complement those of Elan, Panamax, OmniMount, Xantech, M&S Systems and SpeakerCraft-Linear subsidiaries, which also manufacture and sell products to distribute audio, video and data in residences.
Linear also manufactures and sells security devices, structured wiring, garage door radio controlled operators, commercial gate operators, telephone entry systems and other related products.
