Residential and commercial HVAC producer Nortek, Inc., filed voluntary petitions for reorganization under chapter 11 of the United States Bankruptcy Code.
Nortek and its subsidiaries will continue to operate their businesses in the ordinary course throughout the chapter 11 process.
Richard L. Bready, Nortek chairman and CEO, said, "The chapter 11 process will enable Nortek to emerge as an even stronger company with substantially less debt. Going forward, we anticipate no disruption in product availability or delivery of products and remain focused on meeting customer needs worldwide."
to Daily News