fox racing shocks financial partnership with compass diversified holdings
Amsnow
Fox Factory, Inc. has carried out a transaction in which Compass Diversified Holdings (CODI) purchased a majority interest in FOX.
Bob Fox, who will remain Chief Executive Officer, had this to say, "The financial strength and resources Compass provides will enable FOX to continue our strong growth and leadership in all of our markets. Importantly, the Compass vision provides a transition that will be seamless and virtually invisible to all concerned - including customers, vendors and employees." Bob will retain ownership, which will be shared with other senior managers.
On a personal note, Bob says that he looks forward to devoting his time and energy to doing what he loves most, working on the design, engineering and innovation of his products.