Compass Diversified Strikes $380M Deal with The Honey Pot Co., Backing a Feminine Care Revolution
Portfolio Pulse from Benzinga Newsdesk
Compass Diversified (NYSE:CODI) has agreed to partner with The Honey Pot Company, a 'better-for-you' feminine care brand, for $380 million. The Honey Pot Co. will maintain its current leadership team and existing owners and management will keep a significant minority stake.
January 16, 2024 | 1:03 pm
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Compass Diversified has entered into a definitive agreement to partner with The Honey Pot Co. for $380 million, indicating a strategic expansion in the feminine care market.
The acquisition of The Honey Pot Co. by Compass Diversified is likely to be viewed positively by investors as it represents a strategic move into the growing 'better-for-you' feminine care market. The retention of the current leadership team and existing owners' stake suggests a smooth transition and continuity in operations, which may reassure investors and potentially lead to a short-term positive impact on CODI's stock price.
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