ERGObaby Inc. Acquires Orbit

Following the fast growing trend of many smaller companies in the industry today, Orbit baby has now become acquired by ERGObaby inc.  Orbit maintains that there will not be any noticeable changes for the customer except that they will now have the capabilities to even better serve their loyal customer base.  Orbit is just over a decade old but has already developed a large fan base including a celebrity cult following, possibly because they are the only baby company to date that has a “Paparazzi Shield” for their seats.  Not only are their products stunningly innovative and the very first of their kind, working on a hub system that can hold bassinet, car seat, toddler seat, and stroller seat, the Orbit company is absolutely dedicated to making every item intuitively easy to use and environmentally friendly.

ERGO is a household name that parents have come to trust as the go to brand for quality products that are convenient and comfortable for both children and their caregivers.  ERGO is constantly improving and updating their popular line of carriers and  adding new features and trend setting designs yearly.   Recently ERGO teamed up with Petunia Pickle Bottom to produce a series of carriers that feature patterns from the famous designer of the Petunia bags.

For the full press release from ERGO, please read below.

Compass Diversified Holdings Subsidiary, ERGObaby, Acquires Orbit Baby

Accretive Add-On Acquisition Expands ERGObaby’s Global Presence in the Baby Durables Market

Westport, Conn., November 21, 2011 – Compass Diversified Holdings (NYSE: CODI) (“CODI”), an owner of leading middle market businesses, announced today that its subsidiary, The ERGObaby Carrier, Inc. (“ERGObaby”), has acquired Orbit Baby, Inc. (“Orbit Baby”).

Founded in 2004 and based in Newark, California, Orbit Baby produces and markets a premium line of stroller travel systems. Orbit Baby’s high-quality products include car seats, strollers and bassinets that are easily interchangeable using a patented hub ring. Orbit Baby has established a reputation for designing ergonomic and innovative products, which are currently available throughout the United States and abroad.

Commenting on the transaction, Alan Offenberg, CEO of CODI, said, “Since acquiring ERGObaby in September 2010, we have made significant investments aimed at strengthening its future prospects and expanding its leadership position in the child mobility and transport product category. The accretive add-on acquisition of Orbit Baby is consistent with these important objectives as we remain focused on utilizing our balance sheet strength to capitalize on favorable growth opportunities.”

Tim Bruer, CEO of ERGObaby, stated, “This attractive acquisition provides a great opportunity to further our rapid growth in the Baby Durables market. With this complementary line of advanced stroller travel systems, we intend to further expand our distribution levels in the U.S. and internationally. We look forward to seamlessly integrating our operations and working closely with Orbit Baby’s management to drive future performance.”

Joseph Hei and Bryan White, co-founders of Orbit Baby, will continue to serve in senior management roles. “We are excited to join the ERGObaby family,” said Mr. Hei. “As the fastestCompass Diversified HoldingsJames J. BottiglieriChief Financial Officer203.221.1703jim@compassequity.comInvestor Relations and Media Contacts:The IGB GroupLeon Berman / Michael Cimini212.477.8438 / 212.477.8261lberman@igbir.com / mcimini@igbir.comgrowing brand for baby carriers backed by CODI’s financing structure, ERGObaby provides an ideal fit as we grow our ability to bring world-class safety, convenience and design to solutions for taking children on the go.”

About ERGObaby

Founded in 2003, ERGObaby is a premier designer, marketer and distributor of hands-free baby carriers and related products on a worldwide basis for all babies, from newborn to toddler. ERGObaby’s strong track record in product innovation, reliability and safety has led to numerous awards and accolades from consumer surveys and publications, including Parenting Magazine, Pregnancy Magazine and Wired Magazine. ERGObaby offers a broad range of environmentally conscious babywearing products and accessories that are sold through more than 700 retailers and web shops in the United States and internationally in approximately 30 countries.

To learn more, please visit ERGObaby’s website, www.ergobaby.com.

(-Sarah Thav)



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