Compass Diversified Holdings has agreed to sell its majority stake in Aeroglide Holdings Inc. to Buhler Holding AG for an enterprise value of $95 million. Aeroglide is manufacturer of industrial process drying and cooling systems.
PRESS RELEASE
Compass Diversified Holdings (Nasdaq GS: CODI), a leading acquirer and manager of middle market businesses, announced today that its wholly owned subsidiary, Compass Group Diversified Holdings LLC (the “Company”) simultaneously entered into a definitive agreement to sell and consummated the sale of its majority owned subsidiary, Aeroglide Holdings, Inc.
