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.