Ripple Effect: Nortek Announces Price Hikes on all HVAC Products

Increases are in response to new tariffs. Will start at six percent, with a range of two to 10 percent, based on material content and type.

St. Louis, April 9, 2018Nortek Air Solutions is announcing a six percent price increase effective immediately to all product lines, with a range of two to 10 percent, based on material and content type. This increase is in response to the U.S. government issuing new 25 percent tariffs on imported steel and 10 percent on imported aluminum.

The cost increase affects both domestic steel and domestic aluminum, and may be subject to change as the market impact is fully evaluated and adjustments by suppliers to raw materials has stabilized.

For more information about Nortek Air Solutions and its product portfolio, visit www.nortekair.com.

Watch for updates to come on this issue.

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