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.”
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.
American Dryer Corporation is a brand trusted by laundries worldwide for innovative, engineer-driven designs that improve efficiency and performance while extending product life and enhancing serviceability. For over five decades, ADC has been a leading manufacturer of laundry solutions for commercial coin-operated, on-premise, and industrial laundry markets in more than 90 countries. Headquartered in Fall River, Massachusetts, ADC is home to a 300,000 square foot manufacturing facility and a state-of-the-art engineering and design center. For more information on any ADC products, visit: http://www.adclaundry.com
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