HVAC maker Fedders Corporation announced that it has engaged The Blackstone Group to explore the possible sale of the company's global indoor air quality (IAQ) businesses.
The IAQ businesses are not core to the company's principle global residential and commercial HVAC businesses.
Included in a possible sale would be the company's North American IAQ production facility located in North Carolina, two factories in Suzhou, China and sales offices located in the U.S., the United Kingdom, Germany, China, Malaysia, and India.
