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Fedders USA History
Fedders USA is a unit of FEDDERS Quigan Corp, an American company, and hold the FEDDERS trademark for the United States.
FEDDERS USA was reborn in 2020 and serves the American HVAC and appliance market.
We are the legacy company of Fedders manufacturing company founded in Buffalo New York in 1896 and New York Stock Exchange listed (FJQ) Fedders Corporation.
Fedders MFG merged with Brooklyn New York Frank J Quigan company in 1945 and Fedders Quigan was born. Fedders introduced its first room air conditioner in 1946 and quickly established itself as the worlds largest selling brand.
Fedders Quigan was listed on the New York Stock Exchange in 1952 and the company changed its name to FEDDERS Corporation in 1959.
Today, Fedders is 100 % American owned company , and new FEDDERS-Quigan is reborn. We hold the FEDDERS United States Trademark and sells products in America.
- Fedders Corp. Key Dates:
- 1896: Fedders begins as metalworking shop in Buffalo, New York.
- 1903: Fedders starts making automotive radiators and becomes a leader.
- 1908: The Buffalo make Thomas Flyer, with Fedders radiator, wins the first around the world auto race, New York to Paris
- 1913: Fedders goes public on the American Stock Exchange.
- 1924: The company, primarily manufacturing automobile and airplane radiators, has a net income of $241,000 on sales of $3.2 million.
- 1945: Fedders and the private company Frank J. Quigan, Inc. formally merge and Salvatore Giordano becomes President of Fedders.
- 1947: Fedders begins manufacturing a new consumer product: the room air conditioner.
- 1960: Net sales of the company's room air conditioners peak at $68.8 million.
- 1964: Fedders looks to diversify, signing an agreement with Franklin Appliance to manufacture a full line of home appliances.
- 1968: Fedders acquires Borg-Warner Corporation's Norge division.
- 1970: The company is the largest producer of room air conditioners, but expands into other markets with the acquisition of Climatrol Industries, Inc.
- 1976: Fedders purchases Chrysler Corporation's unprofitable Airtemp division.
- 1980: The company ends its fiscal year with continued losses due to a shrinking domestic market for room air conditioners and a recession in the U.S. economy.
- 1985: Fedders becomes profitable again, resuming the payment of dividends which it had suspended since 1974.
- 1987: Fedders spins off its compressor and automotive-components division into a company named NYCOR, Inc.
- 1988: Salvatore Giordano, Jr., succeeds his father as CEO of both Fedders and NYCOR.
- 1991: Fedders acquires the Emerson Quiet Kool brand from The Jepson Corp.
- 1993: The company begins exporting air conditioners to Asia and the Middle East.
- 1994: Corporate headquarters move to Liberty Corner, New Jersey.
- 1998: Fedders and Bosch-Siemens Havsgerate GmbH enter into a 50-50 joint venture to manufacture room air conditioners in Spain.
- 1999: Trion, Inc., producer of humidification systems and Envirco HEPA filtration systems for cleanroom manufacturing, is acquired.
- 2000: Fedders buys ABB Koppel, Inc., a leading air conditioner manufacturer in the Philippines, and Sun Manufacturing, Inc., manufacturer of specialized air-conditioning equipment used in the telecommunications industry.
- 2001: Fedders begins a 10-year licensing agreement to produce room air-conditioning units under the Maytag name; acquires Polenz GmbH, a distributor of air treatment products in Germany.
In 2008 Fedders filed for bankruptcy in large part due to market forces beyond its control. The company was sold in pieces and the Fedders air conditioning brand phased out in America by the Singapore company who acquired the assets. In 2020 the Fedders trademark was re-registered in America by American's with the goal of making FEDDERS USA great again.