Compass Diversified Holdings : Declares Fourth Quarter 2011 Distribution of $0.36 Per Share
January 05, 2012 at 09:53 pm
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WESTPORT, Conn., Jan. 5,
2012/PRNewswire/ -- Compass Diversified
Holdings (NYSE: CODI) ("CODI" or the
"Company"), an owner of leading middle market
businesses, announced today that its Board of Directors has
declared a quarterly cash distribution of
$0.36per share. The distribution for the three
months ended December 31, 2011is payable on
January 30, 2012to all holders of record as of
January 23, 2012.
Alan Offenberg, CEO of Compass Diversified
Holdings, stated, "We are pleased to declare our
fourth quarter distribution of $0.36per share.
We have now declared a distribution each quarter since our
IPO in May of 2006 and, including this quarter, will have
cumulatively distributed $7.4352per share to
our shareholders."
About Compass Diversified Holdings ("CODI")
Compass Diversified Holdings ("CODI") owns and
manages a diverse family of established North American
middle market businesses. Each of its eight subsidiaries is
a leader in their niche market.
CODI maintains controlling ownership interests in each of
its subsidiaries in order to maximize its ability to impact
long term cash flow generation and value. The Company
provides both debt and equity capital for its subsidiaries,
contributing to their financial and operating
flexibility. CODI utilizes the cash flows generated
by its subsidiaries to invest in the long-term growth of
the Company and to make cash distributions to its owners.
Our subsidiaries are engaged in the following lines of
business:
The manufacture of quick-turn, prototype and production
rigid printed circuit boards (Advanced , );
The design and manufacture of promotionally priced
upholstered furniture (, );
The design and manufacture of medical therapeutic support
surfaces and other wound treatment devices (Anodyne
Medical Device, also doing business and known as Tridien
Medical, );
The design and manufacture of personal hydration products
for outdoor, recreation and military use (, );
The design and marketing of wearable baby carriers and
related products (, );
The design, manufacture and marketing of premium
suspension products for mountain bikes and powered
off-road vehicles (, );
The design, sourcing and fulfillment of logo based
promotional products (, ); and
The design and manufacture of premium home and gun safes
(, ).
This press release may contain certain forward-looking
statements, including statements with regard to the future
performance of the Company. Words such as
"believes," "expects,"
"projects," and "future" or similar
expressions, are intended to identify forward-looking
statements. These forward-looking statements are subject to
the inherent uncertainties in predicting future results and
conditions. Certain factors could cause actual results to
differ materially from those projected in these
forward-looking statements, and some of these factors are
enumerated in the risk factor discussion in the Form 10-K
filed by CODI with the Securities and Exchange Commission
for the year ended December 31, 2010and other
filings with the Securities and Exchange Commission. CODI
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Compass Diversified Holdings
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Compass Diversified Holdings acquires and manages a group of small and middle-market businesses. The Companyâs segments include 5.11 Acquisition Corp. (5.11), Boa Holdings Inc. (BOA), The Ergo Baby Carrier, Inc. (Ergobaby), Lugano Holdings, Inc. (Lugano Diamonds), Relentless Topco, Inc. (PrimaLoft), THP Topco, Inc. (The Honey Pot Co.) CBCP Products, LLC (Velocity Outdoor), AMTAC Holdings LLC (Arnold), FFI Compass, Inc. (Altor Solutions), and SternoCandleLamp Holdings, Inc. (Sterno). 5.11 is a provider of purpose-built technical apparel and gear for law enforcement, firefighters, EMS, and military special operations, as well as outdoor and adventure enthusiasts. Ergobaby is a designer, marketer and distributor of wearable baby carriers and accessories, blankets and swaddlers, nursing pillows, strollers, bouncers, and related products. PrimaLoft is a provider of branded, high-performance synthetic insulation and materials used primarily in consumer outerwear and accessories.