Business
Dorel Concludes Acquisition of Tiny Love Juvenile Business
EXCHANGES TSX: DII.B, DII.A MONTREAL , Jan. 16, 2014 /CNW Telbec/ - Dorel Indus...
About this update from Dorel Industries Inc. Class A
[{"type":"text","content":"\n\n\nEXCHANGES\nTSX: DII.B, DII.A\n\n\nMONTREAL, Jan. 16, 2014 /CNW Telbec/ - Dorel Industries Inc. (TSX:\n DII.B, DII.A) today announced it has completed its acquisition of Tiny\n Love Ltd. The Company announced January 9, 2014 that it had signed a\n share agreement to purchase the business. Tiny Love is a global,\n multiple award-winning baby products and developmental toy company\n headquartered in Tel Aviv, Israel. Tiny Love is recognized as an\n innovator in the developmental toy category, a product line that is\n complimentary to Dorel's. The purchase price was not disclosed. \n\n\nProfile\nDorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile products and bicycle\n company. Dorel creates style and excitement in equal measure to safety,\n quality and value. The Company's lifestyle leadership position is\n pronounced in both its Juvenile and Bicycle categories with an array of\n trend-setting products.  Dorel's powerfully branded products include\n Safety 1st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in Juvenile, as well as\n Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and SUGOI in\n Recreational/Leisure.  Dorel's Home Furnishings segment markets a wide\n assortment of both domestically produced and imported furniture\n products, principally within North America. Dorel has annual sales of\n US$2.6 billion and employs 6,300 people in facilities located in\n twenty-four countries worldwide. \n\n\nCaution Regarding Forward Looking Statements\nCertain statements included in this press release may constitute\n \"forward-looking statements\" within the meaning of applicable Canadian\n securities legislation.  Except as may be required by Canadian\n securities laws, Dorel does not undertake any obligation to update or\n revise any forward-looking statements, whether as a result of new\n information, future events or otherwise. Forward-looking statements, by\n their very nature, are subject to numerous risks and uncertainties and\n are based on several assumptions which give rise to the possibility\n that actual results could differ materially from Dorel's expectations\n expressed in or implied by such forward-looking statements and that the\n objectives, plans, strategic priorities and business outlook may not be\n achieved. As a result, Dorel cannot guarantee that any for...