Compass Diversified to buy Foam Fabricators for $247M

|About: Compass Diversified Holding... (CODI)|By:, SA News Editor

Compass Diversified Holdings (NYSE:CODI) agrees to acquire privately held Foam Fabricators, a designer and manufacturer of custom molded protective foam solutions and OEM components made from expanded polymers, for $247.5M.

Foam Fabricators operates 13 molding and fabricating facilities across North America, and reported $126M in net revenue for the 12 months ended Nov. 30.

CODI says the deal will be immediately accretive and will enable it to continue growing cash flow and provide attractive and stable distributions.

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