The latest update is out from Dorel Class B ( ($TSE:DII.B) ).
Dorel Industries Inc. has announced a sale-leaseback transaction of its factory in Columbus, Indiana, aiming to raise US$30 million. This transaction is designed to support the growth of its Juvenile segment and the turnaround of its Home segment. The transaction, involving key company executives with an ownership interest in the purchaser, was approved by the independent board members under the MI 61-101 exemption due to Dorel’s financial difficulties. The funds will be used to reduce existing debt and support ongoing operations.
More about Dorel Class B
Dorel Industries Inc. operates in the consumer products industry with a focus on juvenile products and home furnishings. The company is known for its brands such as Maxi-Cosi, Tiny Love, Safety 1st, BebeConfort, Cosco, Infanti, and others under Dorel Juvenile, as well as Dorel Home Products, Cosco Home & Office, Ameriwood, Dorel Living, Signature Sleep, and Little Seeds under Dorel Home.
YTD Price Performance: -1.03%
Average Trading Volume: 7,449
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $96.85M
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