Compass Diversified announced the simultaneous entry into a definitive agreement and completion of its sale of Crosman, the air gun division of its Velocity Outdoor subsidiary, to Daisy Manufacturing. Crosman is a designer, manufacturer and marketer of air guns, accessories and related consumables sold under the Crosman, Benjamin, Game Face, LaserMax and Centerpoint Optics brands. Daisy is a designer, manufacturer and marketer of youth and adult air guns, accessories and related consumables sold under the Daisy, BSA, Red Ryder, GAMO and Winchester brands and is a portfolio company of BRS & Co. Proceeds from the transaction will be used to pay down debt and for general corporate purposes.
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