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Dorel Enters Sale-Leaseback Transaction for Factory in Columbus, Indiana

Feb 21, 2025•over 1 year ago

Contract Type

agreement

MontrealManufacturing

Description

Dorel Industries Inc. has announced a sale-leaseback transaction for its factory and warehousing facility in Columbus, Indiana, generating gross proceeds of US$30 million. Approximately US$8 million will be used to reduce existing debt, with the remaining funds allocated for ongoing operations. The transaction, with an initial lease term of ten years and potential renewals, is part of the company's initiative to finance the growth of its juvenile segment and the turnaround of its home segment.

Company Information

Company

Dorel

Location

Montreal, Quebec, Canada

About

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.

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