Feder's Air Conditioner And Appliance Distributors

Last month, we helped countless managers and management companies get rid of the frustration of purchasing major kitchen appliances and air conditioners! We’d like to help you do the same.

Call us and find out why more multifamily property managers, owners, builders and contractors are buying appliances and air conditioners from Feder’s Distributors. We make you our top priority. Our customer service, experience, expertise and pricing make us the best in the industry today.

SIMPLE 5-MINUTE ORDERING PROCESS BY PHONE, IN STORE, OR ONLINE

DELIVERy & INSTALLation WITHIN one to TWO BUSINESS DAYS

OUR EXPERIENCED SALESMEN ARE EASY TO FIND

WE’RE BUILDER DISTRIBUTORS SPECIALIZING IN MULTI-FAMILY

Our family-owned business was founded more than 40 years ago and still remains in the same location today. We have grown to be the leader in sales, distribution and installation of appliances and air conditioners within Southern California.

As always, Feder’s Distributors will beat any printed price and make sure you are 100% satisfied!

If your current appliance or air conditioner supplier cannot do all of the above, we’re a company that can. Please visit www.AptKitchens.com or call us to place your next order: 818-769-8000.

Word’s been out for a week or so now that GE is planing on selling it’s appliance division for somewhere in the vicinity of 4-6 Billion dollars.

Yesterday the CEO of GE named a few potential buyers including LG, Haier, Electrolux and others. My feeling is that Electrolux is probably the strongest contender. Especially since they are laying off more than 750 employees in their Italy plant and moving to a new location in order to cut about 34 Million dollars in expenses.

With their new line of Electrolux appliances in the States making a small dent in sales, Electrolux has had a lot of changes during the past year or so. Will they benefit from a purchase of this size? Maybe. They are already the low-price leader in stainless goods and I’m sure the GE name can give them an even bigger boost to their bottom line. Even if the purchase only includes the GE name for about 5 years.

I’m sure we’ll see what happens during the next few weeks.

According to several sources…

General Electric is planning to sell its appliances division, one of the longest-running businesses in the conglomerate’s 120-year history, a person briefed on the matter said Wednesday.

A sale of the unit could fetch at least $5 billion, this person said. G.E. has hired Goldman Sachs to run the auction. Among the potential bidders are Haier of China, Bosch of Germany and LG of South Korea.

The announcement comes as G.E.’s chief executive, Jeffrey Immelt, tries to fix the troubled conglomerate, which has been hit unexpectedly hard by the credit market’s decline and the slumping economy.

Last month, G.E. reported first-quarter earnings that wildly missed analysts’ estimates and its own projections. The stunning announcement, made more notable by G.E.’s status as a bellwether of the economy, shook Wall Street’s confidence. The company’s shares fell 13 percent that day, its biggest one-day loss in two decades.

The picture Mr. Immelt is painting of the economy augured pessimism for consumer businesses like appliances as well. ‘’We are in the toughest economy since 2001 and the worst housing crisis since the Depression,’’ he told shareholders last month.

Since then, Mr. Immelt has vowed to cut $3 billion in costs at the company.

Though the appliance business comprises a small portion of G.E.’s $173 billion in annual revenue, divorcing it from the company would carry great historical import. Since it began selling appliances in 1907, the division has grown to more than $7 billion in annual revenue as it sells a wide range of products, including refrigerators, microwaves and dishwashers. Among the appliances it has introduced are the room air-conditioner (1930), the combined washer-dryer unit (1954) and the toaster oven (1956).

Yet despite its huge agglomeration of businesses, G.E. has sought to slim down recently, cutting loose even those units that hold sentimental value for the company. Last year, it sold its plastics business – where both Mr. Immelt and his predecessor, John F. Welch Jr., worked early in their careers – to Sabic, the big Saudi Arabian industrials company, for $11.6 billion.