Dorel expands in Poland

Article Excerpt

DOREL INDUSTRIES $24.97 (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (514-731-0000; www.dorel.com;Shares outstanding: 32.6 million; Market cap: $814.0 million; Dividend yield: 2.4%) has bought Poltrade, a Polish juvenile products distributor and retailer, for an undisclosed sum. Founded in 1991, Poltrade is growing quickly and will likely report sales of 7.5 million euros ($9.8 million Canadian) this year. The company has the largest share of the Polish child car seat market. Poltrade has distributed a number of Dorel’s products in Poland since 1996. In addition to its distribution business, Poltrade operates three retail outlets. This purchase fits nicely with Dorel’s plan to focus on international expansion. The company will now use Poltrade to sell more of its products throughout central Europe. Dorel Industries is a buy. buy…

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