Fedders Corporation Sells Fedders Addison Company

LIBERTY CORNER, N.J., Feb. 15 /PRNewswire/ --

LIBERTY CORNER, N.J., Feb. 15 /PRNewswire-FirstCall/ -- Fedders Corporation, a leading global manufacturer of air treatment products, announced that it has sold the assets and business of its Fedders Addison Company ("Addison") subsidiary to Roberts-Gordon LLC.

The sale was completed today, following last week's approval by the US Bankruptcy Court overseeing Fedders' bankruptcy proceedings. Addison is a manufacturer of commercial HVAC products and will now operate under the name Addison.

About Fedders:

Founded in 1896, Fedders Corporation is a leading global manufacturer of air treatment products, including air conditioners, furnaces, air cleaners and humidifiers for residential, commercial and industrial markets.

This news release includes forward-looking statements that are covered under the "Safe-Harbor" clause of the Private Securities Litigation Reform Act of 1995. Such statements are based upon current expectations and assumptions. Actual results could differ materially from those currently anticipated as a result of known and unknown risks and uncertainties including, but not limited to, weather and economic, political, market and industry conditions and reliance on key customers. Such factors are described in Fedders' SEC filings, including its most recently filed annual report on Form 10-K. The company disclaims any obligation to update any forward-looking statements to incorporate developments occurring after release of this announcement. Visit the Fedders investor information website at http://www.fedders.com to access additional information on Fedders.