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FEDDERS COMPLETES SALE OF COMPRESSOR PLANT

 FEDDERS COMPLETES SALE OF COMPRESSOR PLANT
 PEAPACK, N.J., Sept. 29 /PRNewswire/ -- Fedders Corporation


(NYSE: FJQ), the room air conditioner manufacturer, reported today it has completed the previously announced sale of its Maryland compressor plant for approximately $72.8 million.
 The company expects to realize a gain of approximately $7 million on the sale, which is part of a restructuring designed to reduce excess capacity and improve manufacturing efficiency. Fedders' financial results for the year ended Aug. 31, 1992, will include a net restructuring charge of approximately $3 million, including the benefit from the plant sale.
 -0- 9/29/92
 /CONTACT: Barbara VanBlarcum of Fedders, 908-234-2100/
 (FJQ) CO: Fedders Corporation ST: New Jersey, Maryland IN: SU: TNM


GK-TS -- NY001 -- 4213 09/29/92 08:22 EDT
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Publication:PR Newswire
Date:Sep 29, 1992
Words:126
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