Compass Diversified-Backed Altor Solutions Completes Acquisition of Lifoam Industries
D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI)
Last d/b/a compass diversified holdings shares of beneficial interest earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
ir.compassequity.com
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Source: GlobeNewswire
WESTPORT, Conn., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) today announced that its subsidiary, Altor Solutions (“Altor”), a leading designer and manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, completed its previously announced acquisition of Lifoam Industries, LLC (“Lifoam”), pursuant to the agreement entered into on August 15, 2024. The acquisition was completed for an enterprise value of $137 million (excluding working capital and certain other adjustments). Founded in 1954, Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for the healthcare, commercial and retail industries. Lifoam is a carve-out of the material sciences company Jadex Inc. “The addition of Lifoam will bring valuable new infrastructure and specialized expertise to Altor, specifically through the enhancement of our market reach and advanceme
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- Compass Diversified (NYSE: CODI) is now covered by analysts at TD Cowen. They set a "buy" rating and a $34.00 price target on the stock.MarketBeat
CODI
Earnings
- 10/30/24 - Miss
CODI
Sec Filings
- 11/26/24 - Form SC
- 11/12/24 - Form 4
- 11/8/24 - Form SC
- CODI's page on the SEC website