Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 221

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 221
---
 indirectly owns all of the issued and outstanding equity interests of THP and The Honey Pot Co. Concurrent with the Closing Date, the Company provided a credit facility to THP Buyer, THP and The Honey Pot Co., as borrowers (the “THP Credit Agreement”), pursuant to which a secured revolving loan commitment and secured term loans were made available to Buyer, THP and The Honey Pot Co. (collectively, the “Borrowers”). The initial amount outstanding under these facilities on the Closing Date was approximately $110 million.The Honey Pot Co. is a feminine care brand that offers an extensive range of holistic wellness products across feminine hygiene, menstrual, consumer health, and sexual wellness categories. The Honey Pot Co.’s mission is to educate, support, and provide consumers around the world with the tools and resources that promote menstrual health and vaginal wellness.The results of operations of The Honey Pot Co. have been included in the consolidated results of operations since the date of acquisition. The Honey Pot Co.'s results of operations are reported as a separate operating segment as a branded consumer business. The table below provides the recording of the fair value of assets acquired and liabilities assumed as of the date of acquisition.

F-19

COMPASS DIVERSIFIED HOLDINGSNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

(in thousands)Preliminary Purchase Price AllocationMeasurement Period AdjustmentsFinal Purchase Price AllocationPurchase Consideration$380,121 $(2,796)$377,325 Fair value of identifiable assets acquired:Cash$4,076 $(3,320)$756 Accounts receivable (1) 16,361 — 16,361 Inventory 18,986 — 18,986 Property, plant and equipment 1,888 — 1,888 Intangible assets247,000 24,300 271,300 Other current and noncurrent assets3,958 — 3,958 Total identifiable assets292,269 20,980 313,249 Fair value of liabilities assumed:Current liabilities10,957 — 10,957 Other liabilities 1,480 — 1,480 Deferred tax liabilities27,846 2,680 30,526 Total liabilities 40,283 2,680 42,963 Net identifiable assets acquired251,986 18,300 270,286 Goodwill$128,135 $(21,096)$107,039 Acquisition considerationPurchase price$380,000