Dorel Industries Inc. has purchased all outstanding shares of Belgium-based BABY ART bvba. Created in 2006, BABY ART bvba markets its
products under the BABY ART and HOPPOP brands. 

The purchase price was US $5.3 million (4.1 million Euros). The
transaction, which will be immediately accretive to earnings, is being
financed through debt.

“We are eager to quickly integrate the BABY ART and HOPPOP lines into our marketing plans. Our strong relationships with our customers should result in meaningful synergies throughout our distribution networks,” said Dorel Europe President Jean Claude Jacomin.

Earlier this month Dorel established a new juvenile platform in Brazil to
maximize the strong potential in that country. Juvenile car restraints became obligatory in Brazil last June.