Airwell Group Acquires Fedders Residential HVAC
PARIS—The Airwell Group has purchased the residential HVAC business of Fedders North America.
The new company will be called Airwell-Fedders North America Inc., and will be a subsidiary of Airwell Air Conditioning and its parent company, Israel-based ELCO Holdings.
Airwell Air Conditioning has production facilities in France, Italy, Israel, China and Argentina. The acquisition enables Airwell to enter the North American market.
No one said it would be easy to track parent companies.