ACR-News
Know what you want? Try our 'Supplier Directory' 

Elco buys Fedders

ELCO, the Israeli parent company of French air conditioning manufacturer Airwell, is to purchase the troubled Fedders North America residential hvac business for a reported $13.25m.
The purchase includes three Fedders' brands, including inventory: Fedders, Air Temp, and Emerson Quiet Kool. Airwell's Chinese subsidiary, Electra Air Conditioning (Shenzhen) Co Ltd will also buy Fedders' Chinese activity for $3.6m, it is reported.

Fedders North America, Inc. and sixteen subsidiaries, including its parent company, the Fedders Corporation filed petitions under Chapter 11 of the US Bankruptcy Code in August last year.

The business will be conducted within Airwell-Fedders North America Inc., under Airwell Air Conditioning BV and its parent company Elco Holdings Ltd.

One of the largest and best known US air conditioning manufacturers, Fedders is over a century old, and, in its time, has itself acquired a number of acr companies including Airtemp and Climatrol. It has also marketed air conditioners under the Maytag brand - a name licensed from the Maytag Corporation.

This purchase represents the entrance of Airwell Air Conditioning into the North American market. Airwell was founded in 1947 and is one of the world's leading manufacturers and distributors of air conditioners and central air conditioning systems with production facilities in France, Italy, Israel, China and Argentina. In 2006 Airwell posted annual sales exceeding $500m.

Ulrich Bornkessel, CEO of the Airwell Group said: 'Airwell is looking forward to completing the current Fedders' product range, offering a comprehensive line of the highest quality heating and air conditioning products at a fair price to the North American market.'

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Enter the Clivet Assen Superbikes Competition!

Win hotels, flights, and VIP Tickets for two to watch Mikey Hardie #93 up close and personal and have the VIP Experience at British Superbikes in Assen, Netherlands....

  22-Apr-2025

Sanhua’s REVOlution for supermarket refrigeration

SANHUA is proud to present its latest innovation in refrigeration technology – the REVO series of controllers. Designed to provide a wide range of applications, the REVO controllers offer high performance and efficiency, ensuring that your refrigerated cabinets maintain optimal conditions for fresh food preservation.
  02-Apr-2025
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

UK Construction Week
BESA Annual Conference & Awards