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Dorel acquires distributors in Colombia and Panama

Wednesday, September 26, 2012


Canada's Dorel Industries said that it has signed a deal to buy a majority stake in two distributors of infant and children’s products in Colombia and Central America.

The purchase price was not disclosed for the companies that had $14 million of sales last year.

Dorel will own 70 per cent of Best Brands Group in Panama and Baby Universe in Colombia. The remaining 30 per cent will be held by the Sitnisky family and the current owners of the operations.

Source: Globe and Mail