The MarketWatch News Department was not involved in the creation of this content.
WESTPORT, Conn. and DENVER, Sep 22, 2020 (GLOBE NEWSWIRE via COMTEX) —
Further Expands CODI’s Best-In-Class Portfolio of Niche Market Leading Brands
CODI’s Resources and Deep Consumer Sector Expertise to Support Industry Pioneer’s Continued Product Innovation and Global Growth
Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, today announced that it has entered into a definitive agreement to acquire BOA Technology Inc. (“BOA”), creators of the award-winning BOA(R) Fit System, delivering superior fit and performance in the Outdoor, Athletic, Workwear and Medical Bracing markets worldwide, for a purchase price of $454 million (excluding working capital and certain other adjustments upon closing).
BOA was founded in 2001 with a revolutionary performance fit system that transformed how snowboarders “dialed in” their boots and offered a superior alternative to the traditional lace system.