Fedders Corporation, Machinery & Equipment Liquidators

Fedders

Fedders Corporation; Liberty Corner, NJ, USA: Plant Closures

Traditional
Listing
Sealed Bid
Sale
Onsite
Auction

SITUATION: Fedders Corporation is a major manufacturer of air conditioning and filtration products. For two years, an international real estate company attempted to sell Fedders’ Nashville/Columbia TN property through a traditional listing; the broker failed to present a suitable offer. Fedders hired Schneider Industries (SI).

SOLUTION: SI conducted auctions of the machinery and equipment at a factory in Effingham, IL and equipment and machinery for their injection molding factory in Tennessee, as well as the real estate at this site.

SI sold all machinery and equipment in both facilities and also successfully offered and sold the Tennessee real estate at auction. The company was very pleased with the results.