Newsline

Fedders Acquires Addison Products

November 12, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
LIBERTY CORNER, N.J. - Fedders Corp. announced it has purchased the assets of Addison Products Co., a division of Heat Controller Inc.

Addison, located in Orlando, Fla., will become known as Fedders Addison Co. The firm manufactures a line of air conditioning products primarily for the commercial and institutional markets. Key markets include supermarkets, schools, hospitals, shopping centers, and other establishments that utilize Addison's rooftop packaged heating and cooling units, condensing units, heat pumps, air handlers, vertical packaged units, and water-source heat pumps. Addison's sales for the 12-month period ended Sept. 30, and were approximately $21 million.

Commenting on the acquisition, Sal Giordano Jr., Fedders chairman and chief executive officer, said, "The acquisition of Addison represents another strategic initiative on the part of Fedders to expand its business in the central air conditioning and heating market. The addition of Addison's products extends Fedders' existing commercial line from its Fedders Eubank division, which makes exterior wall-mount packaged air conditioners and heat pumps for the school, wireless telecom, and trailer markets. Together with Fedders Eubank Co., Fedders Addison will be part of a new business unit, Fedders Commercial HVAC."

Publication date: 11/15/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con