DOREL INDUSTRIES $35.39 - Toronto symbol DII.B

DOREL INDUSTRIES $35.39 (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (514-731-0000; www.dorel.com; Shares outstanding: 31.9 million; Market cap: $1.1 billion; Dividend yield: 3.4%) has bought majority interests in two distributors of infant and children’s products in Colombia and Central America.

Dorel is buying 70% of Best Brands Group SA in Panama and Baby Universe SAS in Colombia. Best Brands and Baby Universe had combined sales of $14 million last year.

This purchase fits nicely with Dorel’s plan to focus on international expansion. The company will now use Best Brands and Baby Universe to sell more of its products throughout South America.

Dorel Industries is a buy.

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