Dorel Industries Announces Sale of its Tiffin, Ohio Facility

Article content

MONTRÉAL, Aug. 13, 2026 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced the sale of its facility located in Tiffin, Ohio, for net proceeds of approximately US$12.5 million.

Article content

This transaction represents another important milestone in the restructuring of Dorel Home and the Company’s ongoing efforts to strengthen its balance sheet. The net proceeds from the sale will be used to reduce existing debt.

Article content

Article content

“With the completion of this sale, we are applying the proceeds directly to debt repayment, which will further enhance our financial flexibility and support our ongoing efforts to strengthen Dorel’s capital structure,” said Martin Schwartz, President and Chief Executive Officer of Dorel.

Article content

Article content

The Tiffin facility had previously been identified as a non-strategic asset as part of the restructuring of Dorel Home’s manufacturing and distribution activities. The sale completes the monetization of this facility and supports Dorel’s continuing efforts to improve liquidity and profitability as well as increase shareholder value.

Article content

Article content

Profile 

Article content

Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation and quality of its products as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother’s Choice and Infanti. Dorel Home, with its comprehensive e-commerce platform and brick-and-mortar distribution network, markets a wide assortment of furniture. Dorel has annual sales of US$1.1 billion and employs approximately 2,900 people in facilities located in twenty-two countries worldwide.

Article content

Article content

Caution Regarding Forward-Looking Statements

Article content

Certain statements included in this press release may constitute “forward-looking statements” within the meaning of applicable Canadian securities legislation. Except as may be required by Canadian securities laws, the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements, by their very nature, are subject to numerous risks and uncertainties, including statements regarding the substantial reduction in size of Dorel’s Home segment, the impact of the macro-economic environment, including inflationary pressures, changes in consumer spending, exchange rate fluctuations, the imposition of tariffs, and interest rate fluctuations on the Company’s business, financial position and operations, and are based on several assumptions which give rise to the possibility that actual results could differ materially from the Company’s expectations expressed in or implied by such forward-looking statements and that the objectives, plans, strategic priorities and business outlook may not be achieved. As a result, the Company cannot guarantee that any forward-looking statement will materialize, or if any of them do, what benefits the Company will derive from them, including statements relating to the substantial reduction in the size of the Home segment. Forward-looking statements are provided in this press release for the purpose of giving information about management’s current expectations and plans and allowing investors and others to get a better understanding of the Company’s operating environment. However, readers are cautioned that it may not be appropriate to use such forward-looking statements for any other purpose.