Fedders expands into commercial HVAC via Islandaire stake

Fedders framed the Islandaire majority-stake acquisition as a way to expand into the commercial HVAC sector, lifting its commercial/industrial air-treatment businesses to roughly a third of total sales.

“This acquisition enables Fedders to further expand into the commercial HVAC sector. With the addition of Islandaire, the commercial and industrial air treatment businesses of Fedders will be approximately one-third of total sales.”

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