8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): January 9, 2003

Nortek Holdings, Inc.
(Exact name of issuer as specified in its charter)

Delaware	1-6112	16-1638891
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer           Identification No.)

50 Kennedy Plaza, Providence, Rhode Island
(Address of Princitpal Executive Offices) 02903-2360
(Zip Code)

Registrant's telephone number, including area code: (401) 751-1600

Item 1. CHANGES IN CONTROL OF REGISTRANT

     As reported in the attached press release, the closing of the recapitalization of Nortek Holdings, Inc. closed on January 9, 2003.

Item 7. EXHIBITS.

(c)	Exhibits
99	Press Release, dated January 9, 2003

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NORTEK HOLDINGS, INC.
   

By:       /s/Almon C. Hall III
Name:   Almon C. Hall III
Title:     Vice President, Controller and
              Chief Financial Officer

Date: January 9, 2003

EXHIBIT INDEX

Exhibit No.	Description of Exhibits
99	Press Release, dated as of January 9, 2003

EX-99

Richard L. Bready, Chairman and CEO
Edward J. Cooney, Vice President and Treasurer
(401) 751-1600

IMMEDIATE

ACQUISITION OF NORTEK
BY AFFILIATES OF KELSO & COMPANY AND MANAGEMENT
IS COMPLETED

___________________________________

Company to Redeem Outstanding Shares for $46 in Cash

___________________________________

PROVIDENCE, RI, January 9, 2003--Nortek Holdings, Inc. (NYSE:NTK), a leading international designer, manufacturer and marketer of building products, today announced that the acquisition of the Company by affiliates of Kelso &Company, L.P. and management has been completed.

Kelso & Company, L.P. is a private equity firm based in New York City and is acquiring the Company in partnership with Richard L. Bready, the Chairman and Chief Executive Officer, and other members of management. Mr. Bready and other members of Nortek Holdings' management will continue in their current roles. The transaction is valued at approximately $1.6 billion (including the assumption of outstanding indebtedness).

As a result of the consummation of the closing of the transaction, Nortek Holdings has called for redemption of each publicly owned outstanding share at the redemption price of $46 per share. Stockholders will receive instructions separately as to how to surrender their shares in order to receive the redemption price. Nortek Holdings, which has approximately 11 million shares of common and special stock outstanding (excluding options), will continue to operate under its current name and structure.

Nortek Holdings* is a leading international manufacturer and distributor of high-quality, competitively priced building, remodeling and indoor environmental control products for the residential and commercial markets. Nortek Holdings offers a broad array of products for improving the environments where people live and work. Its products include range hoods and other spot ventilation products; heating and air conditioning systems; vinyl products, including windows and doors, siding, decking, fencing and accessories; indoor air quality systems; and specialty electronic products.

*As used herein, the term "Nortek Holdings" refers to Nortek Holdings, Inc., together with its subsidiaries, unless the context indicates otherwise. This term is used for convenience only and is not intended as a precise description of any of the separate corporations, each of which manages its own affairs.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current plans and expectations and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors impacting such forward-looking statements include the availability and cost of raw materials and purchased components, the level of construction and remodeling activity, changes in general economic conditions, the rate of sales growth, and product liability claims. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information, please refer to the reports and filings of the Company with the Securities and Exchange Commission.

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