Current Report

Exhibit 99.1

Compass Diversified Holdings		Investor Relations and Media Contacts:
James J. Bottiglieri Chief Financial Officer 203.221.1703 jbottiglieri@compassdiversifiedholdings.com		The IGB Group Leon Berman / Michael Cimini 212.477.8438 / 212.477.8261 lberman@igbir.com / mcimini@igbir.com

Compass Diversified Holdings Reports Fourth Quarter and Full Year 2010 Financial Results

Generates Cash Flow Available for Distribution and Reinvestment of $21.4 Million for Fourth
Quarter Ended December 31, 2010 and $71.3 Million for Full Year 2010

Westport, Conn., March 10, 2011 — Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today its consolidated operating results for the three and twelve months ended December 31, 2010.

Fourth Quarter 2010 Highlights

	•		Generated Cash Flow Available for Distribution and Reinvestment (“CAD” or “Cash Flow”) of $21.4 million for the fourth quarter of 2010 and $71.3 million for the full year 2010;
	•		Reported net income of $0.7 million for the fourth quarter of 2010 and a net loss of $44.8 million for the full year 2010, which includes a $38.8 million non-cash impairment charge;
	•		Paid a fourth quarter 2010 cash distribution of $0.34 per share in January 2011, bringing cumulative distributions paid to $5.9952 per share since CODI’s IPO in May of 2006; and
	•		Completed a 4.85 million share offering in December 2010.

CODI reported Cash Flow (see note regarding use of Non-GAAP Financial Measures below) of $21.4 million for the quarter ended December 31, 2010, as compared to $17.9 million for the prior year comparable quarter. CODI’s Cash Flow for the year ended December 31, 2010 was $71.3 million as compared to $37.0 million for the prior year period. CODI’s weighted average number of shares outstanding for the quarter and twelve months ended December 31, 2010 was approximately 44.1 million and 40.9 million, respectively, as compared to 36.6 million and 34.4 million for the quarter and twelve months ended December 31, 2009, respectively.

The improvement in Cash Flow for the fourth quarter and full year 2010 as compared to the year-earlier periods was substantially due to higher revenue levels at our subsidiary companies, which

also resulted in greater operating efficiencies at a number of our businesses. In addition, the fourth quarter of 2010 was positively impacted by the inclusion of results from Circuit Express, which was acquired by our subsidiary, Advanced Circuits, on March 11, 2010, as well as from Liberty Safe and ERGObaby, two new CODI platform businesses which were acquired on March 31, 2010 and September 16, 2010, respectively.

CODI’s Cash Flow is calculated after taking into account all interest expense, cash taxes paid and maintenance capital expenditures, and includes the operating results of each subsidiary for the periods during which CODI owned them. However, Cash Flow excludes the gains from sales of businesses, which have totaled over $109 million since 2007.

Net income for the quarter ended December 31, 2010 was $0.7 million, as compared to a net loss of $0.1 million for the quarter ended December 31, 2009. CODI reported a net loss for the year ended December 31, 2010 of $44.8 million, as compared to a net loss of $39.6 million for the prior year period. During 2010, CODI recorded a $38.8 million non-cash impairment charge for the Company’s American Furniture Manufacturing subsidiary. During the first quarter of 2009, CODI recorded $59.8 million of non-cash impairment expense for the Company’s Staffmark subsidiary, partially offset by the associated tax benefit related to this impairment of $22.5 million.

As of December 31, 2010, CODI had $13.5 million in cash and cash equivalents on hand, $74.0 million outstanding on its term loan facility and $22.0 million outstanding under its $340 million revolving credit facility. The Company has no significant debt maturities until late 2012 and had borrowing availability of approximately $248 million at December 31, 2010 under its revolving credit facility.

In December 2010, CODI completed a public offering of 4,850,000 trust shares. CODI raised approximately $78.0 million of net proceeds from the offering of which $70.0 million was used to repay revolver borrowings outstanding.

On January 5, 2011, CODI’s Board of Directors declared a distribution of $0.34 per share. The distribution was paid on January 28, 2011 to all holders of record as of January 21, 2011.

Commenting on the quarter and the full year, Alan Offenberg, interim Chief Executive Officer of Compass Diversified Holdings, stated, “We are pleased to post strong operating results for the fourth quarter and full year 2010. CODI’s Cash Flow for the three and twelve months ended December 31, 2010 increased year-over-year by approximately 19% and 93%, respectively. Throughout the year, we capitalized on the leadership position and comparative financial strength of our subsidiaries to expand their relative market share and experienced increased operating leverage by maintaining an efficient cost structure as revenue trends strengthened. We also benefited from the accretive acquisition of two platform companies, increasing our family of niche leading businesses to eight, as well as one add-on to an existing company.”

Mr. Offenberg added, “During the fourth quarter, we further strengthened our balance sheet by completing a 4.85 million share offering, resulting in net proceeds of $78.0 million and demonstrating the continued support we have received from the capital markets. With continuing access to capital, we remain well positioned to consummate acquisitions under favorable valuations

and terms as we have in the past. In addition, we plan to reinvest in our current subsidiaries to enhance our high return organic growth initiatives and drive future performance.”

Conference Call

Management will host a conference call today at 9:00 a.m. ET to discuss the latest corporate developments and financial results. The dial-in number for callers in the U.S. is (877) 723-9511 and the dial-in number for international callers is (719) 325-4919. The access code for all callers is 3563786. A live webcast will also be available on the Company’s website at www.compassdiversifiedholdings.com.

A replay of the call will be available through March 17, 2011. To access the replay, please dial (888) 203-1112 in the U.S. and (719) 457-0820 outside the U.S., and then enter the access code 3563786.

Note Regarding Use of Non-GAAP Financial Measures

CAD, or Cash Flow, is a non-GAAP measure used by the Company to assess its performance, as well as its ability to sustain and increase quarterly distributions. A number of CODI’s businesses have seasonal earnings patterns, with the first quarter typically being the slowest of the year. Accordingly, the Company believes that the most appropriate measure of its performance is over a trailing or expected 12-month period. We have reconciled CAD, or Cash Flow, to Net Income and Cash Flow Provided by Operating Activities on the Attached Schedules. We consider Net Income and Cash Flow Provided by Operating Activities to be the most directly comparable GAAP financial measures to CAD, or Cash Flow.

About Compass Diversified Holdings (“CODI”)

Compass Diversified Holdings (“CODI”) owns and manages a diverse family of established North American middle market businesses. Each of its eight subsidiaries is a leader in their niche market.

CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow generation and value. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and to make cash distributions to its owners.

Our subsidiaries are engaged in the following lines of business:

	•		The manufacture of quick-turn, prototype and production rigid printed circuit boards ( Advanced Circuits , www.advancedcircuits.com );
	•		The design and manufacture of promotionally priced upholstered furniture ( American Furniture Manufacturing , www.americanfurn.net );
	•		The design and manufacture of medical therapeutic support surfaces and other wound treatment devices ( Anodyne Medical Device , also doing business and known as Tridien Medical, www.anodynemedicaldevice.com );

	•		The design and marketing of wearable baby carriers and related products ( ERGObaby , www.ergobabycarriers.com );
	•		The design, manufacture and marketing of premium suspension products for mountain bikes and powered off-road vehicles ( Fox Racing Shox , www.foxracingshox.com );
	•		The design, sourcing and fulfillment of logo based promotional products ( Halo Lee Wayne , www.haloleewayne.com );
	•		The design and manufacture of premium home and gun safes ( Liberty Safe , www.libertysafe.com ); and
	•		The provision of temporary staffing services, operating approximately 300 locations in 29 states ( Staffmark , www.staffmark.com ).

To find out more about Compass Diversified Holdings, please visit www.compassdiversifiedholdings.com .

This press release may contain certain forward-looking statements, including statements with regard to the future performance of the Company. Words such as “believes,” “expects,” “projects,” and “future” or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the Securities and Exchange Commission for the year ended December 31, 2010 and other filings with the Securities and Exchange Commission. CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

A copy of this press release, and of past press releases, is available on Compass Diversified Holdings’ website located at www.compassdiversifiedholdings.com .

Compass Diversified Holdings
Condensed Consolidated Balance Sheets

		December 31,				December 31,
(in thousands)		2010				2009
Assets
Current assets:
Cash and cash equivalents		$	13,536			$	31,495
Accounts receivable, less allowance of $5,481 and $5,409			208,487				165,550
Inventories			77,412				51,727
Prepaid expenses and other current assets			33,904				26,255
Total current assets			333,339				275,027
Property, plant and equipment, net			33,484				25,502
Goodwill			325,851				288,028
Intangible assets, net			269,672				216,365
Deferred debt issuance costs, net			3,822				5,326
Other non-current assets			17,873				20,764
Total assets		$	984,041			$	831,012
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued expenses		$	127,499			$	99,395
Due to related party			2,692				3,300
Current portion of long-term debt			2,000				2,500
Current portion of workers’ compensation liability			18,170				22,126
Other liabilities			1,043				2,566
Total current liabilities			151,404				129,887
Supplemental put obligation			44,598				12,082
Deferred income taxes			74,457				60,397
Long-term debt			94,000				74,000
Workers’ compensation liability			40,588				38,913
Other non-current liabilities			3,084				7,667
Total liabilities			408,131				322,946
Stockholders’ equity
Trust shares, no par value, 500,000 authorized; 46,725 and 36,625 shares issued and outstanding at 12/31/10 and 12/31/09, respectively			638,763				485,790
Accumulated other comprehensive loss			(143	)			(2,001	)
Accumulated deficit			(150,550	)			(46,628	)
Total stockholders’ equity attributable to Holdings			488,070				437,161
Noncontrolling interests			87,840				70,905
Total stockholders’ equity			575,910				508,066
Total liabilities and stockholders’ equity		$	984,041			$	831,012

Compass Diversified Holdings
Condensed Consolidated Statements of Operations

		Three Months				Three Months				Year				Year
		Ended				Ended				Ended				Ended
		December 31, 2010				December 31, 2009				December 31, 2010				December 31, 2009
(in thousands, except per share data)		(unaudited)				(unaudited)
Net sales		$	438,901			$	362,059			$	1,657,609			$	1,248,740
Cost of sales			339,743				283,149				1,302,202				976,991
Gross profit			99,158				78,910				355,407				271,749
Operating expenses:
Staffing expense			20,254				18,135				81,250				74,279
Selling, general and administrative expenses			50,117				37,855				179,154				145,948
Supplemental put expense (reversal)			13,886				7,189				32,516				(1,329	)
Management fees			3,997				3,275				15,380				13,100
Amortization expense			8,243				5,995				29,312				24,609
Impairment expense			(3,600	)			—				38,835				59,800
Operating income (loss)			6,261				6,461				(21,040	)			(44,658	)
Other income (expense):
Interest income			2				1,067				20				1,178
Interest expense			(3,057	)			(2,818	)			(11,544	)			(11,736	)
Amortization of debt issuance costs			(460	)			(433	)			(1,789	)			(1,776	)
Loss on debt repayment			—				—				—				(3,652	)
Other income (expense), net			(34	)			312				718				(282	)
Income (loss) from continuing operations before income taxes			2,712				4,589				(33,635	)			(60,926	)
Income tax expense (benefit)			2,035				4,639				11,135				(21,281	)
Net income (loss)			677				(50	)			(44,770	)			(39,645	)
Net income (loss) attributable to noncontrolling interest			1,946				1,630				3,987				(13,375	)
Net loss attributable to Holdings		$	(1,269	)		$	(1,680	)		$	(48,757	)		$	(26,270	)
Basic and fully diluted loss per share attributable to Holdings		$	(0.03	)		$	(0.05	)		$	(1.19	)		$	(0.76	)
Weighted average number of shares outstanding — basic and fully diluted			44,122				36,625				40,928				34,403
Cash distributions declared per share		$	0.34			$	0.34			$	1.36			$	1.36

Compass Diversified Holdings
Condensed Consolidated Statements of Cash Flows

		Year				Year
		Ended				Ended
(in thousands)		December 31, 2010				December 31, 2009
Cash flows from operating activities:
Net loss		$	(44,770	)		$	(39,645	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense			43,909				34,772
Impairment expense			38,835				59,800
Supplemental put expense (reversal)			32,516				(1,329	)
Noncontrolling interest and noncontrolling stockholders charges			7,637				1,555
Loss on debt repayment			—				3,652
Deferred taxes			(7,146	)			(24,964	)
Other			441				107
Changes in operating assets and liabilities, net of acquisition:
(Increase) decrease in accounts receivable			(22,500	)			143
Increase in inventories			(13,030	)			(557	)
Increase in prepaid expenses and other current assets			(3,812	)			(4,442	)
Increase (decrease) in accounts payable and accrued expenses			12,761				(8,879	)
Net cash provided by operating activities			44,841				20,213
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired			(173,732	)			(1,435	)
Purchases of property and equipment			(8,668	)			(3,585	)
Other			8				38
Net cash used in investing activities			(182,392	)			(4,982	)
Cash flows from financing activities:
Proceeds from issuance of trust shares, net			152,973				42,085
Net borrowing (repayment) of debt			19,500				(76,500	)
Swap termination fee			—				(2,517	)
Debt issuance costs			(259	)			—
Changes in noncontrolling interests			2,671				2,546
Other			(128	)			(481	)
Distributions paid			(55,165	)			(46,342	)
Net cash provided by (used in) financing activities			119,592				(81,209	)
Net decrease in cash and cash equivalents			(17,959	)			(65,978	)
Cash and cash equivalents — beginning of period			31,495				97,473
Cash and cash equivalents — end of period		$	13,536			$	31,495