Business news : Compass Diversified's Outdoor Companies Post Double-digit Sales Growth in 2012

Compass Diversified Holdings reported sales last year grew in the double digits at all three of its outdoor sporting goods companies, which include CamelBak, Fox Factory and Liberty Safe.

CamelBak generated net sales of approximately $157.6 million in the fiscal year ended Dec. 31, 2013, up more than three-fold from $42.7 million in 2011, parent Compass Diversified Holdings reported.

Camelbak’s operating income soared to $25.5 million, compared with an operating loss of $6.8 million in 2011.

The company, which designs, manufactures and distributes bottles and other hydration products to the outdoor recreation, military and tactical markets, ended the year with total assets of $259.1 million, down slightly from a year earlier.

CODI also released operating results for Fox, a major provider of suspension systems for mountain bikes and off-road vehicles. Net sales reached $235.9 million in 2012, up 28.4 percent from $197.7 million in 2011. Fox had total assets of $142.8 million at year end compared to $130.0 million at Dec. 31, 2011.

Finally, CODI reported net sales reached $91.6 million at Liberty Safe, compared with $82.2 million in 2011. The company, which manufactures and distributes gun safes, had operating income of $6.0 million and $4.3 million in the years ended Dec. 31, 2012 and 2011 respectively.

( Source CODI through SportsOneSource )