Business
Dorel Concludes Acquisition of Majority Interest in South American Juvenile Business
Transa ction to be immediately accreti ve to earnings EXCHANGES TSX: DII.B, DII....
About this update from Dorel Industries Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nTransaction to be immediately accretive to earnings \n\n\nEXCHANGESTSX: DII.B, DII.A\n\n\nMONTREAL, Dec. 1, 2011 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.B DII.A) today announced it has completed its\n previously-announced acquisition of a 70% interest in Silfa, owners and\n operators of the popular Infanti brand in Chile, Peru, Bolivia and\n Argentina. The purchase price was not disclosed. The investment also\n includes a retail chain of 52 Baby Infanti stores, of which 40 are in\n Chile and 12 are in Peru.  With sales of approximately US$58 million in\n 2010, the transaction will be immediately accretive to earnings.\n\n\nCreated in 2002, Infanti is the most popular juvenile products brand in South America, and enjoys\n a leading position in the market. Its product line is comprised of a\n broad variety of items including car seats, strollers, travel systems,\n high chairs, play yards, safety products, accessories, pre-school items\n and toys. Infanti products cater to all price categories with a focus\n on opening to mid-price points. In addition to the Infanti line, Silfa\n also represents a number of other brands at the wholesale level,\n including Dorel's Maxi Cosi and Safety 1st. The Baby Infanti retail stores sell a number of Dorel brands as well as several other\n well-known competitive labels. It is the intention to continue to\n develop the business on this current platform.\n\"The move into these four South American countries is part of Dorel's\n on-going strategy for geographic expansion and new market penetration.\n We have specifically targeted these regions due to their significant\n growth potential,\" stated Dorel President & CEO, Martin Schwartz.ProfileDorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile products and bicycle\n company. Established in 1962, Dorel creates style and excitement in\n equal measure to safety, quality and value. The Company's lifestyle\n leadership position is pronounced in both its Juvenile and Bicycle\n categories with an array of trend-setting products.  Dorel's powerfully\n branded products include Safety 1st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in Juvenile, as well as\n Cannondale, Schwinn, GT, Mongoose, IronHorse and SUGOI in\n Recreational/Leisure.  Dorel's Home Furnishings segment markets a wide\n assortment ...