Exhibit 99.1

Compass Diversified Holding Announces $515 Million in New Debt Financing

Completes $290 Million Revolving Credit Facility and $225 Million Term Loan Facility

Westport, Conn., October 27, 2011 – Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it has signed a credit agreement for a revolving credit facility totaling $290 million and a term loan facility in the amount of $225 million. The two facilities, led by TD Securities, BMO Capital Markets and SunTrust Robinson Humphrey, combine for $515 million in new debt financing and replace the Company’s previous revolving credit facility and term loan facility.

Under the terms of the five-year revolving credit facility, which is subject to borrowing base restrictions, amounts borrowed bear interest at LIBOR plus a margin ranging from 3.00% to 4.00%, based on a leverage ratio defined in the credit agreement. Under the terms of the six-year term loan facility, amounts borrowed bear interest at LIBOR plus a margin of 6.00%. The term loan facility requires quarterly payments of approximately $0.56 million, with a final payment of the outstanding principal balance due October 2017. The Company utilized $75 million of the proceeds from the term debt facility to refinance existing indebtedness under its previous credit agreement. As a result, there are no initial borrowings outstanding under the revolving credit facility at closing. The Company expects to utilize the remaining proceeds from the issuance of the term loan and future borrowings under the revolving credit facility to fund future expansion opportunities at its existing subsidiary companies, pursue new platform acquisition opportunities and provide for working capital and general corporate uses.

Alan Offenberg, CODI’s Chief Executive Officer, commented, “We are very pleased to have completed this debt financing, which provides multiple benefits for our Company. First, it allows us to refinance our existing debt and extend our maturities to October 2016, in the case of our revolver, and to October 2017 for the new term loan. Second, it ensures attractive debt terms and pricing over the next several years. Finally, the financing expands our overall debt capacity and enables us to improve our mix of debt and equity capitalization, as we pursue organic and acquisition-related growth opportunities. We appreciate the support of all the financial institutions who participated in this transaction, many of which were also participants in our prior facility.”

Additional information on the credit agreement will be available on the Company’s current report on Form 8-K that will be filed with the Securities and Exchange Commission (the “SEC”) later this week.

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:

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.

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