Compass Diversified Announces Sale of Ergobaby

WESTPORT, Conn., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE:CODI) ("CODI" or the "Company"), an owner of leading middle market businesses, announced today the simultaneous entry into a definitive agreement (the "Agreement") and completion of its sale of its majority-owned subsidiary, The Ergo Baby Carrier, Inc. ("Ergobaby"), to Highlander Partners, L.P. ("Highlander"), a Dallas-based private investment firm. Proceeds from the transaction will be used to pay down debt and for general corpora ...