Dorel Industries

Dorel Industries Inc.

Type	Public
Traded as	TSX: DII.B OTC Pink: DIIBF
Industry	Conglomerate
Founders	Leo Schwartz, Martin Schwartz,Alan Schwartz, Jeff Segel
Headquarters	Montreal, Quebec, Canada
Key people	Martin Schwartz (CEO) Alan Schwartz Jeffrey Schwartz Jeff Segel
Revenue	US$ 2.490 billion (2013)
Net income	US$ 108.6 million (2013)
Total assets	US$ 2.204 billion (2012)
Number of employees	10,500 (2014)
Divisions	3
Subsidiaries	2
Website	www.dorel.com

Dorel Industries Inc. is a Canadian company, based in Montreal, Quebec, which designs and manufactures for three areas: juvenile products, bicycles and other recreational products, home furnishings. It was formed in 1987 as a result of a merger between Dorel Co. Ltd., founded in 1962 by Leo Schwartz and Ridgewood Industries, founded in 1969. Dorel employs approximately 10,500 people and its products are sold in over 70 countries.

Product segments

Dorel divides its brands into the following product segments.

Dorel Juvenile

Dorel Juvenile is a manufacturer of juvenile products, including car seats, play yards, high chairs, bath accessories, infant health, home safety and feeding products. The company sells more than 8 million children's car seats each year.

Juvenile products are designed, manufactured and marketed under several brand names, including Safety 1st, Maxi-Cosi, Quinny, Tiny Love and Bébé Confort. Regional brands include Cosco, Infanti, Baby Art.

Dorel Juvenile USA is headquartered in Foxborough, Massachusetts, and has a design and developmenet center in Columbus, Indiana. In these locations, the company builds from the concept stage through development. The main US manufacturing facility is also in Columbus, allowing the company to produce many products within the United States. The Dorel Technical Center for Child Safety, also in Columbus, features research and design facilities.

Similar facilities exist in Europe with substantial operations in South America. In 2014 Dorel purchased the juvenile operations of the Lerado Group, providing the company with its first owned facilities in China and Taiwan.

Dorel Sports

In 2004, Dorel acquired Pacific Cycle, a company that designs, markets and distributes branded bicycles and other recreational products. In February 2008, Dorel purchased the Cannondale Bicycle Corporation and SUGOI Performance Apparel. In July 2009, Dorel announced their acquisition of Iron Horse Bicycles. In August 2013, Dorel announced their acquisition of Brazil-based Bicicletas Caloi S/A.

The Dorel Sports segment comprises three operating divisions:

• The Cycling Sports Group division which deals specifically with the independent bicycle dealers' channel
• The Pacific Cycle division which deals with the mass merchant and sporting goods channel
• The Apparel Footwear Group which incorporates the SUGOI, Cannondale, GT, Schwinn, IronHorse and Mongoose apparel lines

Dorel markets its sports products under the brand names of Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse, SUGOI, Pacific, Dyno, RoadMaster, PowerLite, Fabric, and InSTEP.

Home Furnishings

Products include office furniture, metal and wood home office furniture, computer tables, microwave stands, entertainment and home cinema units. Home Furnishings also produces metal folding furniture, futons, step stools, ladders and other furniture.

Dorel markets its home furnishings products under the brand names of Cosco Home & Office, Ameriwood, Dorel Home Products, Altra Furniture and Dorel Asia.