Tag Archives: business sale

Clearance Refrigerators, Clunker Appliance Plan, & Air Conditioner Deals

As Feder’s Distributors nears the end of our fiscal year, we would like to thank you for helping us make this year such a success!

Thanks to you, we continue to be the premier leader in sales, distribution, and installation of major kitchen appliances and HVAC within the Southern California multifamily market.

As a special thank you to all of of best clients, we are offering unheard of late season pricing…

Jenn Air Refrigerator Jenn Air Clearance Refrigerators
Prices will never be this low again!

We purchased the last of these Jenn Air Side-By-Side refrigerators at blow-out prices!

These are moving fast so contact us now to check stock levels!

White, Euro Style S/S Handles
Only $1,399.00!
(Was $1,999.00)
Model JSD2695KGW

Stainless Steel, Counter-Depth
Only $1,599.00
! (Was $2,499.00)
Model JCD2290HES

Pro, Stainless Steel, Counter-Depth
Only $1,699.00
! (Was $2,599.00)
Model JCD2295KEP

Black, Floating Glass with Euro Style with S/S Handles
Only $1,699.00! (Was $2,499.00)
Model JSD2697KEY

Call us toll-free for more information: 866-FEDERS-0

Also ask us about Amana side-by-side clearence models
for under $800.00!

Maytag WD Clunker Appliance Plan
$300,000,000 stimulus available for Energy Star rated appliances…

A soon to be implemented Federal rebate program will give consumers between $50 to $250 rebates when they purchase new high efficiency, Energy Star rated appliances this fall.

Leading appliance companies like Whirlpool, Electrolux, Bosch, and Maytag are hoping this program will boost sales nationwide, while helping consumers go green and save money on rising energy costs.

Details will vary from state to state, so contact your local energy company for details.  Read more here.

A7Q08F2B LG’s Goldstar Window or Wall
Room Air Conditioners

Late Season Specials…

While the rest of the Southern California air conditioning industry got caught sleeping during our current 100 plus degree hot spell, we bought truckloads of our most popular Goldstar room air conditioners.

8,000 BTU Model ONLY $189.00!

10,000 BTU Model – ONLY $229.00!

Both of these units come with a remote control, a compact slide-out chassis (for wall installations), a double-hung window kit with accordion extenders, and a energy saving mode feature.

The 8,000 BTU model should cool up to 200 square feet and the 10,000 BTU model, up to 300 square feet under normal conditions!

A7Q08F2B Fedders Most Popular Models…

Our best selling 12,000 BTU model is still available! The Fedders A6Y12F2D is still our most popular slide-out chassis model in 110v. Call us for the lowest price anywhere: 866-FEDERS-0

Save valuable time and money with replacement models*
Installing an air conditioner has never been easier than with Fedders new replacement models. Gone are the days of breaking out stucco, drywall, and wood to replace your old, worn out air conditioner. These hard to find Fedders units will fit into most existing sleeves with minimal effort and labor charges. We still have plenty of stock!
A7T10W2A 110v, 10,000 BTU Model – ONLY $345.00!

A7T12W2A 220v, 12,000 BTU Model – Call Us!

We even have classic Fedders replacement models for builders and apartment owners:
The A1B12W7D 220v, 12,000 BTU Model is in stock today for only $405.00.

*These models are NOT available at the most retailers. Feder’s Distributors carries these builder/replacement models year-round.  In fact, we have an entire warehouse full of them!


Last month, we helped countless managers and management companies get rid of the frustration of purchasing major kitchen appliances and air conditioners! We’d like to help you do the same.

Call us and find out why more multifamily property managers, owners, builders and contractors are buying appliances and air conditioners from Feder’s Distributors. We make you our top priority. Our customer service, experience, expertise and pricing make us the best in the industry today.





Our family-owned business was founded more than 40 years ago and still remains in the same location today. We have grown to be the leader in sales, distribution and installation of appliances and air conditioners within Southern California.

As always, Feder’s Distributors will beat any printed price and make sure you are 100% satisfied!

If your current appliance or air conditioner supplier cannot do all of the above, we’re a company that can. Please visit www.AptKitchens.com or call us to place your next order: 818-769-8000.

G.E. Selling Appliance Division to Electrolux?

Word’s been out for a week or so now that GE is planing on selling it’s appliance division for somewhere in the vicinity of 4-6 Billion dollars.

Yesterday the CEO of GE named a few potential buyers including LG, Haier, Electrolux and others. My feeling is that Electrolux is probably the strongest contender. Especially since they are laying off more than 750 employees in their Italy plant and moving to a new location in order to cut about 34 Million dollars in expenses.

With their new line of Electrolux appliances in the States making a small dent in sales, Electrolux has had a lot of changes during the past year or so. Will they benefit from a purchase of this size? Maybe. They are already the low-price leader in stainless goods and I’m sure the GE name can give them an even bigger boost to their bottom line. Even if the purchase only includes the GE name for about 5 years.

I’m sure we’ll see what happens during the next few weeks.

G.E. Looks to Sell Its Appliances Unit

According to several sources…

General Electric is planning to sell its appliances division, one of the longest-running businesses in the conglomerate’s 120-year history, a person briefed on the matter said Wednesday.

A sale of the unit could fetch at least $5 billion, this person said. G.E. has hired Goldman Sachs to run the auction. Among the potential bidders are Haier of China, Bosch of Germany and LG of South Korea.

The announcement comes as G.E.’s chief executive, Jeffrey Immelt, tries to fix the troubled conglomerate, which has been hit unexpectedly hard by the credit market’s decline and the slumping economy.

Last month, G.E. reported first-quarter earnings that wildly missed analysts’ estimates and its own projections. The stunning announcement, made more notable by G.E.’s status as a bellwether of the economy, shook Wall Street’s confidence. The company’s shares fell 13 percent that day, its biggest one-day loss in two decades.

The picture Mr. Immelt is painting of the economy augured pessimism for consumer businesses like appliances as well. ‘’We are in the toughest economy since 2001 and the worst housing crisis since the Depression,’’ he told shareholders last month.

Since then, Mr. Immelt has vowed to cut $3 billion in costs at the company.

Though the appliance business comprises a small portion of G.E.’s $173 billion in annual revenue, divorcing it from the company would carry great historical import. Since it began selling appliances in 1907, the division has grown to more than $7 billion in annual revenue as it sells a wide range of products, including refrigerators, microwaves and dishwashers. Among the appliances it has introduced are the room air-conditioner (1930), the combined washer-dryer unit (1954) and the toaster oven (1956).

Yet despite its huge agglomeration of businesses, G.E. has sought to slim down recently, cutting loose even those units that hold sentimental value for the company. Last year, it sold its plastics business – where both Mr. Immelt and his predecessor, John F. Welch Jr., worked early in their careers – to Sabic, the big Saudi Arabian industrials company, for $11.6 billion.

Daewoo Electronics Up For Sale

Creditors of South Korea’s Daewoo Electronics are putting the company up for sale again, after talks with an Indian-led consortium on a proposed deal worth US$746 million failed earlier this year due to a price disagreement.

The creditors will accept bids for the home appliances and television manufacturing arm of the Daewoo Group from Nov. 26-Dec. 17, and preferred bidders would be picked in January, a Daewoo spokesman said.

The creditors had scrapped a plan in February to sell the company after failing to close a deal with a consortium comprising India’s Videocon Industries Ltd. and RHJ International, the holding company of U.S. buyout fund Ripplewood.

Domestic creditors own 97.5% of unlisted Daewoo Electronics, which was placed under a debt rescheduling program after its parent group went bankrupt in 1999. (Reuters)

Fedders North American Operations to Restructure Under Chapter 11 Protection

LIBERTY CORNER, N.J., Aug. 22 /PRNewswire-FirstCall/ — Fedders Corporation a leading global manufacturer of air treatment products, said today that in order to facilitate a restructuring that will enable it to preserve value and to continue operations the company’s North American subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company will seek strategic alternatives including a sale of its business units during the reorganization process.

Fedders’ non-North American subsidiaries, which include operations in China, India, and the Philippines, were not included in the filing.

“After careful evaluation, management and the board have concluded that in order to ensure the company’s business units’ viability and growth prospects, an exploration of the sale of the company’s businesses is in the best interest of all of its constituents,” said Michael Giordano, President and Chief Executive Officer of Fedders. “The Chapter 11 process will allow time for prospective buyers to evaluate the company and its business units while day-to-day operations continue.”

The company will retain an investment bank to evaluate strategic options and will only pursue transactions that bring the greatest value, Giordano noted. The company is also prepared to reorganize around its businesses and emerge from Chapter 11 protection with a new business plan should the expected proceeds from the sale of its business units not bring sufficient value.

In conjunction with the filing, Fedders has obtained a $79 million debtor- in-possession financing commitment from Goldman Sachs Credit Partners L.P. The proceeds from the financing, which is subject to Bankruptcy Court approval, will be used to refinance the company’s senior secured revolver and term loan, to pay fees and expenses associated with the financing and for operating expenses, including supplier obligations and employee wages, salaries and benefits.

In recent years, the North American room air conditioner market has become dominated by big box retailers whose product mix focuses primarily on the smaller size, lower price room air conditioner units, resulting in a decline in pricing, margins and profitability for manufacturers.

In response to the changing environment, Fedders undertook various steps to reorganize its operations around targeted, more profitable product and geographic segments of the IAQ (indoor air quality) and global HVAC (heating, ventilation and air conditioning) markets and has taken important strides to capitalize on new business opportunities.

The company has transitioned from a manufacturer of room air conditioners only, to a manufacturer of a broad line of residential, commercial and industrial IAQ and HVAC equipment. As part of the transition, Fedders expanded low-cost manufacturing facilities in Asia and closed underutilized U.S. factories.

“Despite previous actions we have taken to reduce costs, while expanding into growing profitable markets, our existing capital structure is not in line with current revenue and profits. The action we took today is critical to ensuring continued operations while we seek the best and highest offers for the businesses we decide to sell,” said Mr. Giordano.

Fedders filed its “first-day” motions along with its voluntary petitions covering employees and business operations, post-petition financing, continuing supplier relations, customer practices, taxes and related matters, utilities, retention of professionals and case administration matters.

In a closing comment, Mr. Giordano stated, “We are extremely grateful to the customers, employees and suppliers who have supported the company through these challenging times.”

Whirlpool Sells Amana Microwave Unit

Whirlpool Sells Amana Microwave Unit

Whirlpool Corp. has sold a commercial microwave unit for U.S. $49 million to Aga Foodservice Group Plc, according to a Bloomberg News report.

Whirlpool said in May it planned to sell the Amana commercial microwave unit, along with its Hoover vacuum, Dixie- Narco vending machine and Jade commercial appliance divisions, after its $1.68-billion purchase of rival Maytag Corp.

Amana microwaves are used at fast-food restaurants. The products are manufactured in Whirlpool’s factory in Amana, IA, U.S., where Whirlpool is expanding production of refrigerators with freezers on the bottom.

Solihull, England-based Aga said it will move production to a new site within 2 years.

Hoover’s fate is still being considered as Whirlpool gauges interest in the product line.