Manitoba Harvest Hemp Foods Bought by Compass

Compass Diversified Holdings (CODI), an owner of leading middle market businesses, closed its acquisition of Fresh Hemp Foods Ltd., operators of Manitoba Harvest, pursuant to an agreement it entered into on June 5. 

Headquartered in Winnipeg, Manitoba, Manitoba Harvest is a pioneer and global leader in branded, hemp-based foods. The company’s products are the fastest growing in the hemp food market and among the fastest growing in the natural foods industry. Manitoba Harvest’s award-winning products are currently carried in about 7,000 retail stores across the United States and Canada.

CODI owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market.CODI maintains controlling ownership interests in each of its subsidiaries 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. 

Among its 10 majority-owned subsidiaries is CamelBak Products, a designer and manufacturer of personal hydration products for outdoor, recreation and military use; and SternoCandleLamp, a manufacturer and marketer of portable food-warming fuel and creative table lighting solutions for the foodservice industry.