Compass Diversified Holdings’ Subsidiary Advances Sustainability Initiatives with Launch of Everlove by Ergobaby
February 10 2020 - 4:15PM
Compass Diversified Holdings (NYSE: CODI) (“CODI” or the
"Company”), an owner of leading middle market businesses, is
pleased to recognize its subsidiary, Ergobaby, the award-winning
maker of ergonomic baby carriers, strollers, swaddlers and nursing
pillows, as it announces Everlove by Ergobaby, a program for buying
back, inspecting, repairing, deep cleaning and reselling quality
Ergobaby carriers. This program provides the opportunity for
families to purchase genuine, certified Ergobaby carriers and
creates a circular economy for the carriers, benefiting the planet.
With Everlove, Ergobaby can take immediate responsibility for up to
96% of the carriers they have manufactured.
Ergobaby was founded with the mission to create the
most durable, comfortable, and longest lasting carriers in the
world. Their carriers are built to last far longer than most
families will need them. Just last year, Ergobaby furthered their
commitment to quality and durability with the introduction of the
ErgoPromise LifeTime Guarantee. Now the brand continues to
build on that promise with Everlove: a hassle-free way to pass on
loved Ergobaby carriers so that they can be put back in use.
Everlove by Ergobaby is one step towards a healthy and sustainable
future for our children and planet.
When comparing the impacts of the materials
required to make a new carrier, to the opportunity to purchase a
used carrier, Ergobaby estimates that Everlove carriers save up to
96% of energy use, 95% of water use and 84% of CO2 emissions1.
“Ergobaby has always been committed to making the
highest quality carriers. Today, we see an opportunity to start our
sustainability journey of reducing and reusing because of the
quality built into our products from the start,” says Margaret
Hardin, CEO of Ergobaby. “Through the launch of Everlove, we’re
extending the life of these pre-loved carriers so they can provide
many more years of comfort – from everyday adventures through nap
time. For us, love carries on by passing Ergobaby carriers
along.”
“A key aspect of investing for the future and
creating long-term value at our subsidiaries and for our
shareholders is being a responsible partner and corporate citizen,”
said Elias Sabo, CEO of CODI. “We are focused on implementing
sustainably initiatives across our portfolio and are incredibly
proud of the steps Ergobaby is taking in its sustainability journey
of reducing and reusing. I look forward to continuing to work
closely with Margaret and the Ergobaby team to deliver sustainable
products to parents who share our values of responsibility,
community and dependability.”
To further their commitment to the future of the
planet and our children, Ergobaby will be providing the option to
donate to Baby2Baby through the Everlove by Ergobaby program.
Baby2Baby is a non-profit organization that provides children
living in poverty with diapers, clothing, and all the basic
necessities that every child deserves. When families opt to donate
to Baby2Baby in exchange for their Ergobaby carrier, Ergobaby
product will be donated to Baby2Baby. Ergobaby has proudly worked
with Baby2Baby for over seven years, and Everlove by Ergobaby is
another way that the brand will continue to support Baby2Baby’s
critical work.
Everlove launched the consumer buy-back program on
February 6, 2020. Starting in Spring 2020, pre-loved Ergobaby
carriers that have been inspected, cleaned and repaired by Ergobaby
will be available for purchase at www.Ergobaby.com/everlove.
Ergobaby® is a registered trademark of The ERGO Baby Carrier, Inc.
and its affiliates.
About ErgobabyFounded by Karin
Frost in 2003, Ergobaby is dedicated to building global communities
of confident parents with innovative, ergonomic baby products that
enable and encourage bonding. Ergobaby offers a broad range of
award-winning baby carriers, strollers, swaddlers, nursing pillows,
and related products that fit into families’ daily lives
seamlessly, comfortably and safely. Ergobaby is headquartered in
Los Angeles and is sold in more than 650 retailers and online sites
in the United States and in more than 50 countries.
For more on Ergobaby, please visit:
www.ergobaby.com
About Compass Diversified Holdings
(“CODI”)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 in order 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. CODI utilizes the cash flows
generated by its subsidiaries to invest in the long-term growth of
the Company and to make cash distributions to its shareholders.
Contacts
Ergobaby |
Compass Diversified Holdings - Media |
Compass Diversified Holdings - Investor
Relations |
Nicole Daley / Daley Public Relations |
Joele Frank, Wilkinson Brimmer Katcher |
The IGB Group |
nicole@daleypr.com / 415.408.8664 |
Jon Keehner / Julie Oakes / Kate Thompson |
Leon Berman |
|
212-355-4449 |
212.477.8438 |
|
|
lberman@igbir.com |
1 These savings were derived from estimates of raw
material production used in Ergobaby production of Omni Mesh and
Omni Cotton carriers compared to the transportation and cleaning
impacts associated with used carriers. They do not include the
cut and sew process at an Ergobaby factory, or the scrap material
generated during manufacturing. The impacts of used carriers are
based on the shipping impacts of collection and cleaning, as well
as the cleaning process itself; impacts of repair are excluded at
this point in the study. The calculations do not attribute any of
the impacts of making the carrier to the used carrier and we
acknowledge that this is an over-simplification; however, at this
time there is not a standard portion of initial manufacturing
impacts that can be attributed to a used product. Packaging is
currently excluded from this scope.
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