CompoSecure ( (CMPO) ) has issued an update.
Resolute Compo Holdings LLC acquired a majority stake in CompoSecure, Inc., effectively becoming the principal shareholder with about 60% ownership after a $372.1 million transaction. The deal not only shifted the company’s ownership but also resulted in significant board changes, including David Cote, former CEO of Honeywell, as the new executive chairman. The acquisition aims to drive shareholder value, enhance operational efficiency, and diversify the customer base. The corporate structure changes also include the resignation of two long-standing board members, Mitchell Hollin and Michele Logan.
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