It do. But, a reefer with a fan and an evaporator coil is a different animal. As long as you don't obstruct the air flow you're OK.
If it were me I would remove handles etc to the extent possible, and mask the rest. Sand with 400 grit paper then either rattle can a nice color or hand paint a wood grain on there. (See the faux paint books at your local home improvement store.....)