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Dorel Industries (TSX: DII.B, DII.A) is a global consumer products company engaged in the designing, manufacturing and marketing of a diverse portfolio of powerful consumer brands, sold through its Juvenile, Home Furnishings, and Recreational/Leisure segments. Headquartered in Montreal and with significant operations in the United States and Europe, Dorel employs approximately 4,700 people in 15 countries. Annual sales are US$1.8 billion and are made in over 60 countries worldwide.
US operations include Dorel Juvenile Group, which markets the Cosco and Safety 1st brands as well as Eddie Bauer and Disney Baby licensed products; Ameriwood Industries, which markets ready-to-assemble furniture products under the Ameriwood, Carina, SystemBuild, Altra Furniture and Ridgewood brands; Cosco Home & Office, which markets home/office products under the Cosco brand and Samsonite license as well as home healthcare products under the Cosco Ability Essentials and Adepta brands; and Pacific Cycle, which markets several brands including Schwinn, Mongoose, GT, InSTEP, Playsafe and Roadmaster. In Canada, Dorel operates Dorel Distribution Canada, Ridgewood Industries and Dorel Home Products. Dorel Europe markets juvenile products throughout Europe, under the Bébé Confort, Maxi-Cosi, Quinny, Safety 1st, Babidéal, Mon Bébé and Baby Relax brands. Dorel Asia sources and imports home furnishings products. Dorel is the majority owner of IGC Dorel Pty, a manufacturer and distributor of juvenile products in Australia, whose two principal brands are Bertini and Mother’s Choice. Dorel also has eight offices in China, headquartered in Shanghai, which oversee the sourcing, engineering and logistics of the Company’s Asian supplier chain.
Three distinct segments. One
underlying commitment
Dorel's strength lies in the diversity and superiority
of its brands. Each segment consists of several operating divisions
or subsidiaries. Dorel's Juvenile
segment offers well-known brands in infant car seats, strollers,
high chairs, toddler beds, cribs, infant health and safety aids,
play-yards and juvenile accessories. The Home
Furnishings segment specializes in a wide variety of ready-to-assemble
(RTA) furniture for home and office use as well as metal folding
furniture, futons, step stools, ladders and other imported furniture
items. Dorel's Recreational/Leisure
segment markets its products under popular brand names in high-quality
bicycles and other recreational products.
While separate management teams
operate each business segment independently, Dorel strives to maximize
cross-selling, cross-marketing, procurement and other complementary
business opportunities. For example, the Company achieves many synergies
through its Dorel China office, which provides support to all Dorel
segments. Among other things, it provides quality assurance, supply
certification, sourcing of materials and freight forwarding.
Throughout its worldwide operations,
Dorel's disciplined, consistent approach to product development
is underlined by the commitment of the various design teams dedicated
to innovation, quality and safety.
Worldwide presence
Dorel has established strong distribution channels from
the world's largest mass merchants to specialty boutiques. These
are serviced through facilities and offices located in North
America, Europe, Asia and Australia. Dorel employs approximately 4,700
people and its products are sold in over 60 countries worldwide.
Dorel's initial public offering
was in July 1987 ($5.00 per share - pre 2-1 stock split). |
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