Exhibit 99.1

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

Compass Diversified Holdings Reports Second Quarter 2011 Financial Results

Generates Cash Flow Available for Distribution and Reinvestment of $18.4 Million

Westport, Conn., August 9, 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 six months ended June 30, 2011.

Second Quarter 2011 Highlights

	•		Generated Cash Flow Available for Distribution and Reinvestment (“CAD” or “Cash Flow”) of $18.4 million for the second quarter of 2011;
	•		Reported net income of $8.3 million for the second quarter of 2011; and
	•		Paid a second quarter 2011 cash distribution of $0.36 per share in July 2011, bringing cumulative distributions paid to $6.7152 per share since CODI’s IPO in May of 2006.

CODI reported Cash Flow (see note regarding use of Non-GAAP Financial Measures below) of $18.4 million for the quarter ended June 30, 2011, as compared to $14.8 million for the comparable quarter of the prior year. CODI’s weighted average number of shares outstanding for the quarter ended June 30, 2011 and June 30, 2010 was approximately 46.7 million and 41.0 million, respectively.

The improvement in Cash Flow for the second quarter 2011 as compared to the year-earlier period was largely due to the inclusion of results from ERGObaby, a new CODI platform business acquired on September 16, 2010 and from higher revenue levels at a number of our subsidiaries.

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 June 30, 2011 was $8.3 million, as compared to a net loss of $0.7 million for the quarter ended June 30, 2010. During the quarter ended June 30, 2011, CODI recorded higher operating income as well as lower income tax expense due to the timing of an effective rate adjustment for Staffmark that was recorded in the year-earlier period.

As of June 30, 2011, CODI had $9.2 million in cash and cash equivalents on hand, $73.0 million outstanding on its term loan facility and $15.0 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 $234 million at June 30, 2011 under its revolving credit facility.

On July 6, 2011, CODI’s Board of Directors declared a second quarter distribution of $0.36 per share. The distribution was paid on July 28, 2011 to all holders of record as of July 21, 2011.

Commenting on the quarter, Alan Offenberg, CEO of Compass Diversified Holdings, said, “During the second quarter, we posted strong financial results, with an increase in Cash Flow of 24.3% compared to the year-earlier period. Our companies continue to focus on gaining market share in their respective industries, capitalizing on their relative operating and financial strength. In particular, we are pleased with the progress that our management team is making at our newest company, ERGOBaby, which is reflected both quantitatively in the subsidiary’s strong operating results and qualitatively through the company’s product development and distribution channel expansion efforts. For the second quarter, we paid a distribution of $0.36 per share, and have now paid out $6.72 to our shareholders since our 2006 IPO. With a flexible balance sheet, we remain well positioned to provide attractive distributions to our owners and to capitalize on accretive acquisition opportunities.”

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) 638-4558 and the dial-in number for international callers is (914) 495-8537. The access code for all callers is 86124922. 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 August 16, 2011. To access the replay, please dial (855) 859-2056 in the U.S. and (404) 537-3406 outside the U.S., and then enter the access code 86124922.

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 Branded Solutions, www.halo.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.

Compass Diversified Holdings
Condensed Consolidated Balance Sheets

		June 30,				December 31,
(in thousands)		2011				2010
		(unaudited)
Assets
Current assets:
Cash and cash equivalents		$	9,241			$	13,536
Accounts receivable, less allowance of $4,679 and $5,481			208,151				208,487
Inventories			88,235				77,412
Prepaid expenses and other current assets			28,840				33,904
Total current assets			334,467				333,339
Property, plant and equipment, net			39,633				33,484
Goodwill			319,766				325,851
Intangible assets, net			252,487				269,672
Deferred debt issuance costs, net			3,412				3,822
Other non-current assets			26,603				17,873
Total assets		$	976,368			$	984,041
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued expenses		$	150,845			$	127,499
Due to related party			3,500				2,692
Current portion of supplemental put obligation			6,891				—
Current portion, long-term debt			2,000				2,000
Current portion of workers’ compensation liability			18,366				18,170
Other current liabilities			869				1,043
Total current liabilities			182,471				151,404
Long-term debt			86,000				94,000
Supplemental put obligation			42,602				44,598
Deferred income taxes			75,178				74,457
Workers’ compensation liability			41,457				40,588
Other non-current liabilities			1,214				3,084
Total liabilities			428,922				408,131
Stockholders’ equity
Trust shares, no par value, 500,000 authorized; 46,725 shares issued and outstanding at 6/30/11 and 12/31/10			638,759				638,763
Accumulated other comprehensive loss			—				(143	)
Accumulated deficit			(183,854	)			(150,550	)
Total stockholders’ equity attributable to Holdings			454,905				488,070
Noncontrolling interests			92,541				87,840
Total stockholders’ equity			547,446				575,910
Total liabilities and stockholders’ equity		$	976,368			$	984,041

Compass Diversified Holdings
Condensed Consolidated Statements of Operations
(unaudited)

		Three Months				Three Months				Six Months				Six Months
		Ended				Ended				Ended				Ended
(in thousands, except per share data)		June 30, 2011				June 30, 2010				June 30, 2011				June 30, 2010
Net sales		$	428,084			$	404,322			$	852,209			$	757,941
Cost of sales			333,819				318,630				668,356				601,223
Gross profit			94,265				85,692				183,853				156,718
Operating expenses:
Staffing expense			21,605				20,300				43,720				39,907
Selling, general and administrative expense			44,767				42,555				91,164				84,936
Supplemental put expense			1,667				2,565				4,895				16,991
Management fees			3,935				3,709				7,778				7,373
Amortization expense			7,689				7,477				15,391				13,600
Impairment expense			—				—				7,700				—
Operating income (loss)			14,602				9,086				13,205				(6,089	)
Other income (expense):
Interest income			—				2				2				17
Interest expense			(2,340	)			(2,860	)			(4,879	)			(5,561	)
Amortization of debt issuance costs			(542	)			(418	)			(1,001	)			(836	)
Other income, net			345				211				591				391
Income (loss) before income taxes			12,065				6,021				7,918				(12,078	)
Income tax expense			3,799				6,764				6,219				3,952
Net income (loss)			8,266				(743	)			1,699				(16,030	)
Net income attributable to noncontrolling interest			1,888				717				2,295				1,399
Net income (loss) attributable to Holdings		$	6,378			$	(1,460	)		$	(596	)		$	(17,429	)
Basic and fully diluted net income (loss) per share		$	0.14			$	(0.04	)		$	(0.01	)		$	(0.45	)
Weighted average number of shares outstanding —basic and fully diluted			46,725				40,998				46,725				38,824
Cash distributions declared per share		$	0.36			$	0.34			$	0.72			$	0.68

Compass Diversified Holdings
Condensed Consolidated Statements of Cash Flows
(unaudited)

		Six Months				Six Months
		Ended				Ended
(in thousands)		June 30, 2011				June 30, 2010
Cash flows from operating activities:
Net income (loss)		$	1,699			$	(16,030	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense			21,801				18,566
Impairment expense			7,700				—
Supplemental put expense			4,895				16,991
Noncontrolling interests and noncontrolling stockholders charges			1,215				7,441
Deferred taxes			(1,926	)			(2,062	)
Other			87				(160	)
Changes in operating assets and liabilities, net of acquisition:
Decrease (increase) in accounts receivable			1,627				(18,184	)
Increase in inventories			(11,282	)			(19,307	)
Increase in prepaid expenses and other current assets			(3,305	)			(3,812	)
Increase in accounts payable and accrued expenses			25,973				24,126
Net cash provided by operating activities			48,484				7,569
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired			—				(83,721	)
Purchases of property and equipment			(11,367	)			(2,218	)
Other			150				37
Net cash used in investing activities			(11,217	)			(85,902	)
Cash flows from financing activities:
Proceeds from issuance of Trust shares, net			—				75,029
Net borrowing (repayment) of debt			(8,000	)			11,700
Debt issuance costs			(593	)			(155	)
Distributions paid			(32,708	)			(26,690	)
Net proceeds related to noncontrolling interest			—				2,085
Other			(261	)			(19	)
Net cash provided by (used in) financing activities			(41,562	)			61,950
Net decrease in cash and cash equivalents			(4,295	)			(16,383	)
Cash and cash equivalents — beginning of period			13,536				31,495
Cash and cash equivalents — end of period		$	9,241			$	15,112

Compass Diversified Holdings
Condensed Consolidated Table of Cash Flows Available for Distribution and Reinvestment (“CAD”)
(unaudited)

		Three Months Ended				Three Months ended				Six Months Ended				Six Months Ended
(in thousands)		June 30, 2011				June 30, 2010				June 30, 2011				June 30, 2010
Net income (loss)		$	8,266			$	(743	)		$	1,699			$	(16,030	)
Adjustment to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation and amortization			10,486				9,725				20,800				17,730
Impairment expense			—				—				7,700				—
Amortization of debt issuance costs			542				418				1,001				836
Supplemental put expense			1,667				2,565				4,895				16,991
Noncontrolling interests and noncontrolling stockholders charges			363				3,071				1,215				7,441
Other			(205	)			50				87				(160	)
Deferred taxes			(933	)			59				(1,926	)			(2,062	)
Changes in operating assets and liabilities			(11,460	)			(23,955	)			13,013				(17,177	)
Net cash provided by (used in) operating activities			8,726				(8,810	)			48,484				7,569
Plus:
Unused fee on revolving credit facility (1)			766				787				1,542				1,629
Successful acquisition expense (2)			350				135				850				1,924
Changes in operating assets and liabilities			11,460				23,955				—				17,177
Less:
Maintenance capital expenditures (3)			2,857				1,231				5,124				2,181
Changes in operating assets and liabilities			—				—				13,013				—
Estimated cash flow available for distribution and reinvestment		$	18,445			$	14,836			$	32,739			$	26,118
Distribution paid in March 2011 and April 2010										$	16,821			$	14,238
Distribution paid in July 2011/2010		$	16,821			$	14,238				16,821				14,238
		$	16,821			$	14,238			$	33,642			$	28,476

Compass Diversified Holdings
Condensed Segment Profit (Loss) (1)
(unaudited)

		Three Months				Three Months				Six Months				Six Months
		Ended				Ended				Ended				Ended
(in thousands)		June 30, 2011				June 30, 2010				June 30, 2011				June 30, 2010
Advanced Circuits		$	6,805			$	6,258			$	13,887			$	7,202
American Furniture (2)			(1,597	)			1,185				(9,595	)			3,898
ERGObaby			2,201				—				4,585				—
Fox			4,602				3,014				9,626				5,876
Halo			2,881				238				2,430				(537	)
Liberty Safe			1,017				(169	)			1,913				(1,619	)
Staffmark			5,037				6,243				4,701				5,411
Tridien			1,099				3,402				2,342				5,636
Total			22,045				20,171				29,889				25,867
Reconciliation of segment profit to consolidated income (loss) before income taxes:
Interest expense, net			(2,340	)			(2,858	)			(4,877	)			(5,544	)
Other income			345				211				591				391
Corporate and other (3)			(7,985	)			(11,503	)			(17,685	)			(32,792	)
Consolidated income (loss) before income taxes		$	12,065			$	6,021			$	7,918			$	(12,078	)