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WESTPORT, Conn., Feb. 27, 2018 /PRNewswire/ — Compass Diversified Holdings (CODI) (“CODI” or the “Company”), an buyer of arch average bazaar businesses, appear the closing of the accretion of Rimports Inc. (“Rimports”), by its accessory Sterno Products, LLC (“Sterno Products”), pursuant to an acceding Sterno Articles entered into on January 23, 2018.

The accretion was completed for a acquirement amount of $145 actor (excluding alive basic adjustments and a abeyant earn-out acquittal of up to $25 actor based on approaching banking performance). CODI adjourned the accretion through a draw on its revolving acclaim facility.

Headquartered in Provo, UT, Rimports is a arch architect and benefactor of branded and clandestine characterization ambrosial wickless candle articles acclimated for home décor and fragrance. The aggregation offers an all-encompassing band of wax warmers, ambrosial wax cubes, basic oils and diffusers, and added home aroma systems, through the accumulation banker channel.

About Compass Diversified Holdings (“CODI”) CODI owns and manages a assorted ancestors of accustomed North American average bazaar businesses. Anniversary of its accepted subsidiaries is a baton in its alcove market.

CODI maintains authoritative buying interests in anniversary of its subsidiaries in adjustment to aerate its adeptness to appulse continued appellation banknote breeze bearing and value. The Aggregation provides both debt and disinterestedness basic for its subsidiaries, accidental to their banking and operating flexibility. CODI utilizes the banknote flows generated by its subsidiaries to advance in the abiding advance of the Aggregation and to accomplish banknote distributions to its shareholders.

Our ten majority-owned subsidiaries are affianced in the afterward curve of business:

This columnist absolution may accommodate assertive advanced statements, including statements with attention to the approaching achievement of CODI. Words such as “believes,” “expects,” “projects,” and “future” or agnate expressions, are advised to analyze advanced statements. These advanced statements are accountable to the inherent uncertainties in admiration approaching after-effects and conditions. Assertive factors could account absolute after-effects to alter materially from those projected in these advanced statements, and some of these factors are abundant in the accident agency altercation in the Form 10-K filed by CODI with the SEC for the year concluded December 31, 2016 and added filings with the SEC. Except as appropriate by law, CODI undertakes no obligation to about amend or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.

 

View aboriginal content:http://www.prnewswire.com/news-releases/compass-diversified-holdings-subsidiary-sterno-products-closes-acquisition-of-rimports-300604511.html

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