16 de junio de 2014 / 13:32 / hace 3 años

Dorel to buy Hong Kong-based baby products maker for $120 mln

1 MIN. DE LECTURA

June 16 (Reuters) - Canada's Dorel Industries Inc said it would buy Hong Kong-based Lerado Group, a maker of baby strollers and infant car seats, for $120 million to expand in Asia.

The deal will give Dorel, known for its Cannondale and Schwinn bicycles, its first company-owned factories in Asia.

Lerado Group, a unit of Lerado Group Holding Co Ltd , also makes baby beds, soft goods, high chairs and bouncers.

Dorel bought a majority stake in Brazil's largest cycle company Caloi last year, in a move to expand its recreational unit.

RBC Capital Markets, KPMG and Norton Rose Fullbright advised Dorel on the Lerado deal.

Dorel's shares closed at C$40.17 on the Toronto Stock Exchange on Friday. (Reporting By Sneha Banerjee in Bangalore; Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below