Compass Diversified Sells Sterno Foodservice Business to Archer Foodservice Partners for $292.5M
Compass Diversified (CODI) has agreed to sell its Sterno foodservice business to Archer Foodservice Partners for $292.5 million. The sale aims to help the company reduce its debt and improve its financial position. The transaction is expected to close in May after regulatory approvals.
Tickers: $CODI
Topics: Balance Sheet Deleveraging Divestiture M&A Regulatory Approval