Compass Diversified to sell food service unit to Archer for enterprise value of ~$292M, shares up

Compass Diversified (CODI) was trading higher after the middle-market businesses operator announced a sale of the food service unit of its majority-owned subsidiary, SternoCandleLamp Holdings.
Business Wire

Compass Group North America Brings Do Good Foods’ First U.S. Chicken Brand to Fight Food Waste and Combat Climate Change to Corporate Cafés, Healthcare Systems and Event Venues

CHARLOTTE, N.C.--(BUSINESS WIRE)--Doing good for people and planet has been at the heart of the sustainability strategy of Compass Group, the world’s largest food and support services company. As ...