Compass Diversified Holdings (Codi) has acquired Crosman Corporation, a leading American producer of airguns, archery products, outdoor optics and related accessories sold under the Crosman, Benjamin and CenterPoint brands. It is paying about $118 million for the business, which had sales of around $118 million in the last 12 months, to its owner, Kazmaier Associates. Codi will own 98.9 percent of the company, with the management holding the balance of the shares. The group, which sold Camelbak Products to Vista Outdoor for $412.5 million two years ago, still has two other sports-related platforms, Liberty Safe and 5.11 Tactical.