Dorel Home Closes Notio Living Acquisition

Dorel Industries Inc. announced it has completed its previously-announced acquisition of Notio Living. Dorel Home, a segment of Dorel Industries, is buying the Danish-based company for approximately US$19.0 million. Notio Living markets thousands of products sourced from around the world, has been in the home furnishings business for 25 years and operates throughout Europe with a strong presence in the ecommerce market.

“This transaction provides a tremendous opportunity to accelerate Dorel Home’s strategy for growth. The combination of our existing strong portfolio of products and brands with Notio’s distribution capabilities in mainland Europe will significantly augment Dorel Home’s European business where we currently have a successful presence in the United Kingdom,” stated Dorel Home President, Norman Braunstein.

About Dorel Industries

Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating three distinct businesses in juvenile products, bicycles and home products. Dorel’s strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands. Dorel?Juvenile’s powerfully branded products include global brands Maxi-Cosi, Quinny and Tiny?Love, complemented by regional brands such as Safety 1st, Bébé Confort, Cosco and Infanti. Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$2.8?billion and employs approximately 8,200?people in facilities located in twenty-five countries worldwide.

Contact:

Jeffrey Schwartz – Media Contact – (514) 934-3034

Source: Dorel Industries Inc.