Compass Diversified Completes Partnership with Leading “Better-for-You” Feminine Care Brand The Honey Pot Company
2024年2月1日 - 10:00PM
Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an
owner of leading middle market businesses, today announced the
completion of the Company’s previously announced partnership with
The Honey Pot Company, LLC (“The Honey Pot Co.”), pursuant to an
agreement entered into on January 14, 2024.
Based in Atlanta, Georgia, the idea for The
Honey Pot Co.’s feminine wash began in an apartment kitchen in
2012, fueled by Co-Founder Beatrice Dixon’s personal experiences
and ultimate desire to change how the world uses and perceives
feminine care products. Today, The Honey Pot Co. provides a
complete feminine care system – powered by plant-derived
ingredients and clinically tested formulas – with a diverse set of
products across the feminine hygiene, menstrual, consumer health
and sexual wellness categories.
The acquisition was completed for an enterprise
value of $380 million (excluding working capital, other customary
adjustments, and acquisition related costs). The Honey Pot Co.’s
co-founders and management team invested alongside CODI and will
retain a significant minority stake in the business. Beatrice Dixon
- the company’s Co-Founder, CEO, and Chief Innovation Officer -
will continue to lead The Honey Pot Co. in her current role.
“We are excited to have completed our
partnership with The Honey Pot Co. and look forward to working with
Beatrice and her talented team,” said Elias Sabo, CEO of Compass
Diversified. “Pairing CODI’s resources with The Honey Pot Co.’s
disruptive products will allow us to further their commitment to
innovation, education, and self-care while also positioning us to
capitalize on what we expect to be significant growth runway
ahead.”
Ms. Dixon commented, “The completion of this
deal with CODI is a big step forward for our company. We are now
better positioned to amplify our impact as we continue to fulfill
our mission of destigmatizing feminine care and further
democratizing holistic wellness.”
Perella Weinberg Partners served as exclusive
financial advisor and Winston & Strawn LLP acted as legal
counsel to The Honey Pot Co., while Gibson, Dunn & Crutcher LLP
represented The Honey Pot Co.’s management. William Blair &
Company acted as exclusive financial advisor and Ropes & Gray
LLP acted as legal counsel to Compass Diversified.
About The Honey Pot Co.
The Honey Pot Company is a leading feminine care
brand, powered by plant-derived ingredients and clinically tested
formulas. Founded in 2012 by CEO Beatrice Dixon, The Honey Pot
Company is rooted in the belief that all products should be made
with healthy and efficacious ingredients that are kind to and safe
for skin. The company offers an extensive range of holistic
wellness products across the feminine hygiene, menstrual, consumer
health, and sexual wellness categories. The Honey Pot Company’s
mission is to educate, support, and provide consumers around the
world with tools and resources that promote menstrual health and
vaginal wellness. Their products can be found in more than 33,000
stores across the U.S. including Target, Walmart, CVS, and
Walgreens, as well as online. For more information on The Honey Pot
Company, please visit thehoneypot.co.
About Compass Diversified
(“CODI”)
Since its founding in 1998 and IPO in 2006, CODI
has consistently executed on its strategy of owning and managing a
diverse set of highly defensible, middle-market businesses across
the niche industrial, branded consumer, and healthcare sectors. The
Company leverages its permanent capital base, long-term disciplined
approach, and actionable expertise to maintain controlling
ownership interests in each of its subsidiaries, maximizing its
ability to impact long-term cash flow generation and value
creation. The Company provides both debt and equity capital for its
subsidiaries, contributing to their financial and operating
flexibility. CODI utilizes the cash flows generated by its
subsidiaries to invest in the long-term growth of the Company and
has consistently generated strong returns through its culture of
transparency, alignment, and accountability. For more information,
please visit compassdiversified.com.
Forward Looking Statements
This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
with regard to the expectations related to the future performance
and management of The Honey Pot Co. and CODI. Words such as
"believes," "expects," “will,” “anticipates,” “intends,”
“continue,” "projects," “potential,” “assuming,” 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,
some of which are not currently known to CODI. In addition to
factors previously disclosed in CODI’s reports filed with the SEC,
the following factors, among others, could cause actual results to
differ materially from forward-looking statements: difficulties and
delays in integrating The Honey Pot’s business or fully realizing
cost savings and other benefits; business disruption following the
closing of the transaction; changes in the economy, financial
markets and political environment; risks associated with possible
disruption in CODI’s operations or the economy generally due to
terrorism, natural disasters, social, civil and political unrest or
the COVID-19 pandemic; future changes in laws or regulations
(including the interpretation of these laws and regulations by
regulatory authorities); and other considerations that may be
disclosed from time to time in CODI’s publicly disseminated
documents and filings. Further information regarding CODI and
factors which could affect the forward-looking statements contained
herein can be found in CODI’s annual reports on Form 10-K,
quarterly reports on Form 10-Q and current reports on Form 8-K.
Forward-looking statements speak only as of the date they are made.
Except as required by law, CODI undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Investor
Relationsirinquiry@compassdiversified.com
Gateway GroupCody
Slach949.574.3860CODI@gateway-grp.com
Media
RelationsMediainquiry@compassdiversified.com
The IGB GroupLeon
Berman212.477.8438lberman@igbir.com
Compass Diversified (NYSE:CODI)
過去 株価チャート
から 1 2025 まで 2 2025
Compass Diversified (NYSE:CODI)
過去 株価チャート
から 2 2024 まで 2 2025