Dorel expands in the U.K.

Article Excerpt

DOREL INDUSTRIES $22.37 (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (514-934-3034; www.dorel.com; Shares outstanding: 32.3 million; Market cap: $725.8 million; Dividend yield: 7.0%) has announced the acquisition of U.K.-based Alphason designs. Established 30 years ago, that firm designs and distributes home office and audio-visual furniture (TV stands and TV wall mounting brackets). The Alphason brand is sold at several large independent retailers across the U.K. Dorel will integrate the operations into its existing Dorel Home Furnishings Europe unit. It has yet to disclose the purchase price. The Alphason buy provides Dorel Home with a new U.K. base as well as a distribution hub to serve its growing European business. Dorel is still a buy. buy…

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