Fedders Corporation Sells Fedders Islandaire, Inc.
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LIBERTY CORNER, N.J. and EAST SETAUKET, N.Y., Jan. 18 -- Fedders Corporation, a leading global manufacturer of air treatment products, announced that it has sold the assets of its Fedders Islandaire, Inc. ("Islandaire") subsidiary to Robert E. Hansen, Jr., President of Islandaire.
The sale was completed today, following yesterday's approval by the US Bankruptcy Court overseeing Fedders' Chapter 11 proceedings. Islandaire is a manufacturer of packaged terminal air conditioners and will now operate under the name, Islandaire, Inc.
For more information about Fedders and the reorganization, visit http://www.fedders.com/.
About Fedders:
Founded in 1896, Fedders Corporation is a leading global manufacturer of air treatment products, including air conditioners, furnaces, air cleaners and humidifiers for residential, commercial and industrial markets.
Source: Fedders Corporation
CONTACT: Tom Becker or Brenda Adrian, both of Fedders Corp.,
+1-212-573-6100; or Robert Hansen of Islandaire, +1-631-471-2900
Web site: http://www.fedders.com/
