Montreal, Quebec – August 22, 2013 – Dorel Industries Inc. (TSX: DII.A, DII.B) today announced it is acquiring a 70% interest in Caloi,a major Brazilian manufacturer of bicycles and bicycle equipment. Established in 1898 in Brazil, Caloi is one of the oldest and most established bicycle brands in the world. It is the largest bicycle brand in Latin America and is the leader in the Brazilian market. The purchase price was a high single digit multiple of Caloi’s EBITDA. Sales in 2012 were close to R$273.5 million, a 22% increase over the previous year. The Company has an estimated market share in Brazil of more than 40%. The transaction is expected to be immediately accretive to Dorel’s earnings.
Madison, Wisc. – August 5, 2013 – Mongoose Bikes, a brand of Dorel Industries (TSX: DII.B, DII.A), today announced the Second Annual Mongoose Jam to take place August 14 – 16 at Camp Woodward in Woodward, PA. Thirty pros and six amateurs will compete over a three-day period, and will push the boundaries of the […]