Dorel Industries Inc.

09:33 AM EST - Dorel Industries Inc. : Has entered into a definitive agreement to sell its remaining juvenile products manufacturing facility in Huangshi, China to Ningbo Xihe Children Products Co, Ltd. for gross proceeds of approximately $4 million U.S. This sale follows the March 2021 disposition by Dorel of its Zhongshan based manufacturing facility and is part of the overall strategic direction of Dorel Juvenile that includes the co-development of innovative new products with a diverse supplier base. Dorel Industries Inc. shares T.DII.B are trading unchanged at $19.83.

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