FOR IMMEDIATE RELEASE
Contact: Jordan Andrade
American Dryer Corporation
JOE BAZZINOTTI APPOINTED PRESIDENT & CEO
(Fall River, MA August 1, 2011) –Following three years of ownership by Stonebridge Partners, American Dryer Corporation (ADC) has named a new President & CEO. By bringing four years of positive change to ADC while playing a number of vital roles including VP of Operations, Chief Operating Officer, and President, Joe Bazzinotti is no doubt a deserving individual.
David Schopp of Stonebridge says, “We have gained a tremendous amount of respect for Joe and his exceptionally capable management team. We believe that ADC is well positioned to take full advantage of the rebounding economy and look forward to renewed growth in the business.”
American Dryer Corporation has been majority owned by Stonebridge Partners, a private equity firm based in White Plains, New York, since July of 2008. The firm’s philosophy is to find and support companies with outstanding leadership and natural growth potential, focusing on middle-market manufacturing companies.
Congratulations to Joe for his success and dedication to ADC and we wish him the best of luck.