Montreal, November 19, 2010---Dorel Industries Inc. (TSX: DII.B; DII.A) today advises that a Dorel Brazil car seat assembly facility located in Campos dos Goytacazes, Rio de Janeiro was destroyed by fire this past Wednesday. There were no injuries. Inventory of mostly raw materials and some assembly equipment were lost in the blaze. However car seat molds, an inventory of finished goods and Dorel Brazil’s offices were not affected as they are located in separate facilities. Although damage estimates are not yet available, insurance coverage is in place.
Dorel Brazil President Rafael Camarano is on-site leading a team which is assessing the situation and making alternative arrangements to serve customers. “We have already started to shift some of the production to another building and other work will be done at a city-sponsored facility we work with. Arrangements have been made to identify new warehousing space. We expect daily progress and anticipate being back to normal by the end of the year. Brazil is an excellent market for us and we are putting all of Dorel’s resources to work to fully support our customer base,” commented Hani Basile, Juvenile Group President and CEO.
Dorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile products and bicycle company. Established in 1962, Dorel creates style and excitement in equal measure to safety, quality and value. The Company’s lifestyle leadership position is pronounced in both its Juvenile and Bicycle categories with an array of trend-setting products. Dorel’s powerfully branded products include Safety 1st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in Juvenile, as well as Cannondale, Schwinn, GT, Mongoose, IronHorse
and SUGOI in Recreational/Leisure.
Dorel’s Home Furnishings segment markets a wide assortment of furniture products, both domestically produced and imported. Dorel is a US$2 billion company with 4500 employees, facilities in nineteen countries, and sales worldwide.
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