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Compass Diversified Holdings Announces Pricing of $45.1 Million Share Offering

WESTPORT, Conn., June 4, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Compass Diversified Holdings (Nasdaq: CODI) ("CODI" or the "Company") announced today that it priced a public offering of 5,100,000 trust shares at $8.85 per share, raising $45.1 million in gross proceeds. The underwriters will have a 30-day option to purchase up to an additional 765,000 trust shares from CODI to cover over-allotments. CODI expects to use the net proceeds from the offering for general corporate purposes. The closing is expected to occur on or about June 9, 2009, subject to customary closing conditions.

Morgan Stanley was the sole book-running manager on the offering, with Janney Montgomery Scott; Morgan Keegan & Company, Inc.; RBC Capital Markets Corporation; and Stifel, Nicolaus & Company, Incorporated acting as co-managers.

The shares were issued pursuant to CODI's shelf registration statement filed with the Securities and Exchange Commission on May 18, 2009.

A copy of the prospectus relating to the offering may be obtained from the following address:

    Morgan Stanley
    Attn: Prospectus Dept.
    180 Varick Street, 2nd Floor
    New York, NY 10014
    Email: prospectus@morganstanley.com
    Telephone: 866-718-1649

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

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.

Subsidiary Businesses

AFM Holdings Corporation and its consolidated subsidiaries, referred to as American Furniture, is a low-cost manufacturer of upholstered stationary and motion furniture with the ability to ship any product in its line within 48 hours of receiving an order. American Furniture is based in Ecru, MS.

Anodyne Medical Device, Inc. and its consolidated subsidiaries, referred to as AMD, is a manufacturer of medical support surfaces and patient positioning devices, which are primarily used for the prevention and treatment of pressure wounds experienced by patients with limited to no mobility. AMD is based in Los Angeles, CA.

CBS Personnel Holdings, Inc. and its consolidated subsidiaries, referred to as Staffmark, is a provider of temporary staffing services in the United States. CBS Personnel is headquartered in Cincinnati, OH and operates over 300 locations in 29 states.

Compass AC Holdings, Inc. and its consolidated subsidiaries, referred to as Advanced Circuits, is a manufacturer of low-volume, quick-turn and prototype rigid printed circuit boards. Advanced Circuits is based in Aurora, CO.

Fox Factory Holding Corp. and its consolidated subsidiaries, referred to as Fox, is a designer, manufacturer and marketer of high-end suspension products for mountain bikes, all-terrain vehicles, snowmobiles and other off-road vehicles. Fox is based in Watsonville, CA.

Halo Lee Wayne LLC and its consolidated subsidiaries, referred to as Halo, is a distributor of customized promotional products and serves more than 30,000 customers as a one-stop-shop resource for design, sourcing, management and fulfillment across all categories of its customers' promotional products needs. Halo is based in Sterling, IL.

SOURCE Compass Diversified Holdings



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