Compass Diversified Holdings Announces Pricing of 6,400,000 Share Offering

WESTPORT, Conn., April 13 /PRNewswire-FirstCall/ -- Compass Diversified Holdings (Nasdaq: CODI) announced today that it has priced a public offering of 6,400,000 trust shares, representing a primary offering of 5,100,000 trust shares by CODI and a secondary offering of 1,300,000 trust shares by a selling shareholder. CODI raised approximately $73.4 million of gross proceeds from its portion of the offering. The underwriters will have a 30-day option to purchase up to an additional 960,000 trust shares from CODI and the selling shareholder to cover over-allotments. CODI expects to use the net proceeds from the offering for general corporate purposes. CODI will not receive any proceeds from the secondary offering.  The closing is expected to occur on or about April 16, 2010, subject to customary closing conditions.

Morgan Stanley and UBS Investment Bank are the joint book-running managers on the offering, with BB&T Capital Markets, a division of Scott & Stringfellow, LLC; CJS Securities, Inc.; Janney Montgomery Scott and SunTrust Robinson Humphrey acting as co-managers. A copy of the prospectus supplement relating to the offering may be obtained from the following address:

The offering was made pursuant to an effective shelf registration statement and prospectus filed by CODI with the SEC. You may obtain copies of the registration statement (including the base prospectus) and the final prospectus supplement for free when they are available by visiting EDGAR on the SEC web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.  

About Compass Diversified Holdings ("CODI")

Compass Diversified Holdings ("CODI") was formed to acquire and manage a group of middle market businesses that are headquartered in North America. Its subsidiaries are a diverse group of businesses with highly defensible market positions.

Our Subsidiary Businesses

Each of our companies is a leader in their respective market niche.  

Based in Ecru, MS, American Furniture Manufacturing is a manufacturer of promotionally priced upholstered furniture.  

Based in Coral Springs, FL, Anodyne Medical Device is a designer and manufacturer of medical therapeutic support surfaces and other wound treatment devices.  

Based in Aurora, CO, Advanced Circuits is a manufacturer of quick-turn, prototype and production rigid printed circuit boards ("PCBs").

Based in Watsonville, CA, Fox Racing Shox is a designer, manufacturer and marketer of suspension products for mountain bikes and powered off-road vehicles.

Based in Sterling, IL, Halo Lee Wayne is a one-stop resource for design, sourcing and fulfillment of promotional products.  

Based in Payson, UT, Liberty Safe is a designer and manufacturer of premium home and gun safes.  

Based in Cincinnati, OH, Staffmark is a provider of temporary staffing services, operating approximately 300 locations in 29 states.  

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, 2009 and 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.

A copy of this press release, and of past press releases, is available on Compass Diversified Holdings' website located at www.compassdiversifiedholdings.com.

SOURCE Compass Diversified Holdings

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