Dorel Concludes Acquisition of Tiny Love Juvenile Business
Montreal, Quebec - 1/16/2014
Dorel Industries Inc. (TSX: DII.B, DII.A) today announced it has completed its acquisition of Tiny Love Ltd. The Company announced January 9, 2014 that it had signed a share agreement to purchase the business. Tiny Love is a global, multiple award-winning baby products and developmental toy company headquartered in Tel Aviv, Israel. Tiny Love is recognized as an innovator in the developmental toy category, a product line that is complimentary to Dorel’s. The purchase price was not disclosed.Profile
Dorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile products and bicycle company. Dorel creates style and excitement in equal measure to safety, quality and value. The Company’s lifestyle leadership position is pronounced in both its Juvenile and Bicycle categories with an array of trend-setting products. Dorel’s powerfully branded products include Safety 1st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in Juvenile, as well as Cannondale, Schwinn, GT, Mongoose, Caloi, ironhorse and SUGOI in Recreational/Leisure. Dorel’s Home Furnishings segment markets a wide assortment of both domestically produced and imported furniture products, principally within North America. Dorel has annual sales of US$2.6 billion and employs 6,300 people in facilities located in twenty-four countries worldwide.