Dorel Industries Inc. has completed the previously-announced sale of its juvenile products manufacturing facility in Zhongshan, China to Guangdong Roadmate Group Co., Ltd. and has received the gross sale proceeds of approximately US$51 million from Roadmate.
As previously announced, Dorel will maintain its second manufacturing location in Huangshi, China and its product sourcing and quality control organizations in China that service three of Dorel’s business segments. The sale transaction to Roadmate did not include Dorel Juvenile’s domestic sales operation based in Shanghai that was acquired along with the manufacturing facility in 2014.
Photo courtesy Dorel
