An investment firm and a former operating president of Deere & Company have acquired Woods Equipment, a manufacturer of attachments for construction and agricultural equipment, from a shareholder group. Terms of the agreement were not disclosed. Fred Korndorf, whose career at Deere & Company included stints as president of three worldwide equipment businesses, has been appointed chairman and chief executive of Woods Equipment. Richard Hoskins, managing director of Genstar Capital, the private-equity investment firm that purchased the company, said Woods now has the talent and capital to implement a long-term strategy for growth.
Investment firm buys Woods Equipment
July 6, 2004