MONTRÉAL - Dorel Industries Inc. announced that its Dorel Home segment has acquired the assets and operations of UK-based Alphason. Alphason designs and distributes award-winning home office and audio-visual furniture.
The Alphason brand is well known in the U.K. and is sold at several large independent retailers across the country. The operations will be integrated into Dorel Home’s existing Dorel Home Furnishings Europe entity. The purchase provides Dorel Home with a new base as well as a distribution hub to serve its growing European business. Terms of the transaction were not disclosed.
“Combining Alphason’s quality customer portfolio, their products, and customer service with Dorel Home’s innovative, extensive furniture products represents a tremendously exciting opportunity for us, for Alphason’s existing customer base abroad and for potential new customers," says Dorel Home President Norman Braunstein. "We will use this base to expand and to provide strong logistics support with a distribution hub to serve and grow our European business. This tuck-in acquisition is highly strategic, and I am confident it will be welcomed by our customers, including our large North American e-commerce partners, many of whom have been growing in Europe and have been asking Dorel Home to support this growth."
Dorel Home is the third largest residential furniture maker on the FDMC 300. The company's primary location is in Montreal. Its divisions include Altra, Ameriwood, Cosco Home & Office, Dorel Asia, Dorel Home Products, Ridgewood, Carina, SystemBuild. Dorel reached annual sales of $700 million in 2016. It runs four manufacturing plants across North America and one in Europe, including Columbus, IN; Tiffin, OH; Cornwall, ON; Montreal, QC; Helmond, Holland.
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