Financial

CoDi’s divestiture of Marucci will benefit the company

By 2023-11-03T15:54:00

Compass-Diversified

Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement.

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