Compass Diversified Holdings to List Shares on the New York Stock Exchange
Westport, Connecticut-based Compass Diversified Holdings (CODI), an owner of leading middle market businesses, announced today that it is transferring the listing of its trust shares to the New York Stock Exchange (the "NYSE"). CODI anticipates that its trust shares will begin trading on the NYSE on November 1, 2010 under its current symbol "CODI." Until that time, CODI's trust shares will continue to trade on the NASDAQ Global Select Market.
Joe Massoud, CEO of CODI, commented, "We are proud to list CODI on the New York Stock Exchange. This listing on the world's premier exchange represents a significant milestone for our Company and provides important benefits to shareholders as we remain committed to increasing CODI's visibility in the financial markets. We look forward to a long and successful relationship with the NYSE and appreciate the support NASDAQ has provided since our IPO in May of 2006."
In celebration of the new listing, CODI is scheduled to ring the NYSE Opening Bell on Thursday, November 4, 2010 at 9:30 am ET.
About Compass Diversified Holdings
Compass Diversified Holdings owns and manages a diverse family of established North American middle market businesses. Each of its eight subsidiaries is a leader in their niche market.
CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long-term cash flow generation and value. 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 to make cash distributions to its owners.
CODI's subsidiaries are engaged in the following lines of business:
* The manufacture of quick-turn, prototype and production rigid printed circuit boards (Advanced Circuits, www.advancedcircuits.com);
* The design and manufacture of promotionally priced upholstered furniture (American Furniture Manufacturing, www.americanfurn.net);