Compass Diversified Sells Sterno Segment
The 5.11, Boa, Primaloft, and Velocity Outdoor parent is divesting the food service business of its subsidiary, SternoCandleLamp Holdings, to Archer Foodservice Partners for $292.5 million, with the proceeds going to pay down debt. The deal should close in May, reducing CODI’s senior secured leverage ratio to below ... Log in to view full article.
