Red Diamond Buys W.C. Wood

Red Diamond Capital has acquired the W.C. Wood Group of Companies, a Guelph, Ontario-based manufacturer of freezers, refrigerators and dehumidifiers for the consumer and commercial markets. No financial terms were disclosed, except that CIT Group and Bank of Montreal provided credit facilities. W.C. Wood has annual revenue in excess of $200 million, and was advised on the deal by KPMG Corporate Finance. 

PRESS RELEASE
Red Diamond Capital, a private equity investment firm based in New York, announces the acquisition of the W.C. Wood Group of Companies, an international manufacturer of chest and upright freezers and refrigerators, and dehumidifiers for the consumer and commercial markets. The transaction was completed in partnership with Michael C. Hadjinian, an experienced operating executive who was named CEO of the company at closing. Mr. Hadjinian has been affiliated with Red Diamond Capital through its CEOwners