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Compass Diversified (NYSE:CODI) agrees to amass PrimaLoft Inc. in a deal valuing the supplier of artificial insulation at ~$530M, Bloomberg reported on Monday.
PrimaLoft supplies supplies to supply artificial down jackets and its prospects embrace Nike, Patagonia and Canada Goose Holdings.
In most of PrimaLoft’s merchandise, greater than half of the supplies are comprised of post-consumer recycled content material, as of 2019.
Compass Diversified’s (CODI) valuation and dividend yield look interesting after the newest pullback within the share value, Samuel Smith writes in a bullish evaluation posted lately on Looking for Alpha.
