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Fedders Completes Sales of German Distribution Business
Jan 2, 2007
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HVAC OEM Fedders Corporation (Liberty Corner, New Jersey, U.S.), completed the sales of its German distribution company, Polenz GmbH, to ACE Klimatechnik, a subsidiary of Electra Consumer Products Ltd. As previously announced, the business was sold for 5.5 million euros (approx. U.S. $7.3 million) in cash. Fedders plans to focus on its core markets in North America and Asia. 

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